121.230 Use of portion of income tax designated to political party -- Records and
604 words·~3 min read·
/ky/121-230A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
reports -- Audit.
(a)No state or local governing authority of a political party to which funds are
remitted under KRS 141.071 to 141.073 shall use such funds other than in
support of the party's candidates in a general election and for the
administrative costs of maintaining a political party headquarters.
(b)Permissible expenditures for the administrative costs of maintaining a
political party headquarters shall be limited to payments for or purchases of:
1. Leases, mortgages, insurance, property taxes, and legal expenses;
2. Appliances and fixtures;
3. Utilities, pest control, lawn care, security, cleaning, trash removal, and
necessary equipment and supplies related thereto;
4. Equipment for internet, telephone, cable or satellite television, or other
communications services;
5. Major and minor repairs to the political party headquarters, including
but not limited to the facility's roof, foundation, and structure, and to the
facility's plumbing, HVAC, and electrical systems; and
6. Office supplies, including but not limited to desks, chairs, computers,
printers, copiers, paper, and ink.
(2)Each state or local governing authority of a political party to which funds are
remitted under KRS 141.071 to 141.073 shall deposit such funds in a bank account
and shall report the amount of such funds received as a separate entry on its
committee report. All expenditures from such remitted funds shall be by check. A
copy of each canceled check written on the account of funds remitted under KRS
141.071 to 141.073 shall be retained by the state or local governing authority of the
political party for a period of not less than four
(4)years.
(3)The designated official of each state or local governing authority of a political party
to which funds are remitted under KRS 141.071 to 141.073 shall maintain a current
record of the receipts, balance, and expenditures of the funds so remitted. In
addition, the official shall, by January 31 each year, forward to the Registry of
Election Finance a report of:
(a)The unexpended and unobligated balance of such remitted funds; and
(b)An itemized listing of each expenditure authorized, incurred or made from
such remitted funds, indicating the amount, date, and purpose of each
expenditure, regardless of the amount, and the name, address, and occupation
of each person to whom an expenditure of fifty dollars ($50) or more was
made, since the date of the last report.
(4)The reports required by subsection
(3)of this section shall be a matter of public
record open to inspection by any member of the public immediately upon receipt of
the report by the registry.
(5)The Registry of Election Finance may annually audit the accounts and records of
receipts and expenditures of funds in the amount of one thousand five hundred
dollars ($1,500) or less that are remitted to each state or local governing authority of a political party under KRS 141.071 to 141.073. The registry shall annually audit the accounts and records of receipts and expenditures of funds in the amount of more than one thousand five hundred dollars ($1,500) that are remitted to each state or local governing authority of a political party under KRS 141.071 to 141.073. The registry shall report the results of each audit conducted to the General Assembly. In the course of such audits, the registry or its authorized agents may ascertain the amount of such remitted funds on deposit in the separate bank account, required by subsection
(2)of this section, of the political party audited and may audit the account on the books of the bank. No bank shall be liable for making available to the registry any of the information required under this section.