26 C.F.R. PART 701—PRESIDENTIAL ELECTION CAMPAIGN FUND
Title 26 - Internal Revenue
Authority: 26 U.S.C. 7805.
(a) Transfer of amounts to the Presidential Election Campaign Fund. The Secretary shall determine at least once a month the amount designated by individuals under section 6096 to the Presidential Election Campaign Fund (“Fund”) established under section 9006(a). The Secretary shall then promptly transfer from the general fund of the Treasury that amount to the Fund. Only amounts transferred to the Fund on or before September 30 following a presidential election shall be used to satisfy certifications relating to that presidential election. (b) Creation of separate accounts within the Presidential Election Campaign Fund. The Secretary shall establish, within the Presidential Election Campaign Fund, three separate accounts, designated as the Presidential Nominating Convention Account, the Presidential and Vice Presidential Nominee Account, and the Presidential Primary Matching Payment Account. (c) Transfer of amounts to the Presidential Nominating Convention Account. The Secretary shall deposit in the Presidential Nominating Convention Account such amounts as the Secretary determines, in consultation with the Federal Election Commission (the “Commission”), are required to make the payments prescribed by section 9008(b)(3). The Secretary shall make this deposit only from amounts that have actually been transferred to the Presidential Election Campaign Fund under §701.9006–1(a). (d) Transfer of amounts to the Presidential and Vice Presidential Nominee Account. After making the transfers prescribed by §701.9006–1(c), the Secretary shall deposit in the Presidential and Vice Presidential Nominee Account such amounts as the Secretary determines, in consultation with the Commission, are required to make the payments prescribed by section 9006(b). The Secretary shall make this deposit only from amounts that have actually been transferred to the Presidential Election Campaign Fund under §701.9006–1(a). (e) Limit on additional deposits. After making the transfers prescribed by §§701.9006–1(c) and 701.9006–1(d) for a presidential election, including any transfers on account of adjustments under section 9008(b)(5) and post-election entitlements under section 9004(a)(3), the Secretary shall not make any additional deposits to those accounts until October 1 of the year following that presidential election. (f) Transfer of amounts to the Presidential Primary Matching Payment Account. See §702.9037–1 for rules relating to transfers of amounts to the Presidential Primary Matching Payment Account. [56 FR 21599, May 10, 1991; 56 FR 27999, June 18, 1991]
Title 26: Internal Revenue
PART 701—PRESIDENTIAL ELECTION CAMPAIGN FUND
Section Contents
§ 701.9006-1 Presidential Election Campaign Fund.
§ 701.9006-1 Presidential Election Campaign Fund.
top
