Section 2.50.298. Designated campaign depository.

	(a)  Each candidate, group, or nongroup entity that intends to raise or spend more than $5,000 in a calendar year, and each group or nongroup entity that intends to be active in more than one election, shall on a registration statement, designate one or more regulated banking institutions as a campaign depository. A candidate, group, or nongroup entity shall identify each account in the campaign depository with a name indicating that it is a campaign account.  
	(b)  Except when a candidate uses personal money or credit for an authorized campaign expenditure, a candidate, group, or nongroup entity that is required to designate a campaign depository shall deposit any monetary contribution to that campaign depository and shall make any expenditure from that depository.  
	(c)  A candidate, group, or nongroup entity required to designate a campaign depository may obtain and use credit cards to make campaign expenditures for transportation, lodging, meals, and other expenses in connection with traveling for campaign purposes. The credit card must have an account name indicating that the account is a campaign account.  

Authorities

15.13.030;15.13.050;15.13.067;15.13.070

Notes

Reference

2 AAC 50.290
2 AAC 50.292
2 AAC 50.348
2 AAC 50.368

Authority

AS 15.13.030 AS 15.13.050 AS 15.13.067 AS 15.13.070

History

Eff. 1/1/2001, Register 156; am 2/20/2005, Register 173; am 12/22/2011, Register 200