§ 100.33. Personal funds.
261 words·~1 min read·
/us/cfr/t11/s§ 100.33·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Personal funds of a candidate means the sum of all of the following:
(a)Assets. Amounts derived from any asset that, under applicable State law, at the time the individual became a candidate, the candidate had legal right of access to or control over, and with respect to which the candidate had---
(1)Legal and rightful title; or
(2)An equitable interest;
(b)Income. Income received during the current election cycle, of the candidate, including:
(1)A salary and other earned income that the candidate earns from bona fide employment;
(2)Income from the candidate's stocks or other investments including interest, dividends, or proceeds from the sale or liquidation of such stocks or investments;
(3)Bequests to the candidate;
(4)Income from trusts established before the beginning of the election cycle;
(5)Income from trusts established by bequest after the beginning of the election cycle of which the candidate is the beneficiary;
(6)Gifts of a personal nature that had been customarily received by the candidate prior to the beginning of the election cycle; and
(7)Proceeds from lotteries and similar legal games of chance; and
(c)Jointly owned assets. Amounts derived from a portion of assets that are owned jointly by the candidate and the candidate's spouse as follows:
(1)The portion of assets that is equal to the candidate's share of the asset under the instrument of conveyance or ownership; provided, however,
(2)If no specific share is indicated by an instrument of conveyance or ownership, the value of one-half of the property. \[73 FR 79601, Dec. 30, 2008\]
Connections14 cite this
Cited by 14 sections · top 4
Citation graph
cites case law
§ 100.33
Personal funds.
Fed. Reg.×11
C.F.R.×3
Cites 0Cited by 14 across 2 sources