Payments From the Presidential Primary Matching Payment Account, 8608-8610 [08-674]
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8608
§ 184.1553
Federal Register / Vol. 73, No. 31 / Thursday, February 14, 2008 / Rules and Regulations
Peptones.
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(b) The ingredients must be of a purity
suitable for their intended use.
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I 30. Section 184.1555 is amended by
revising paragraph (c)(3) to read as
follows:
§ 184.1555
Rapeseed oil.
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(c) * * *
(3) In addition to limiting the content
of erucic acid to a level not exceeding
2 percent of the component fatty acids,
low erucic acid rapeseed oil and
partially hydrogenated low erucic acid
rapeseed oil must be of a purity suitable
for their intended use.
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I 31. Section 184.1639 is amended by
revising paragraph (b) to read as follows:
§ 184.1639
37. Section 184.1851 is amended by
revising paragraph (b) to read as follows:
I
§ 184.1851
§ 184.1984
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Potassium lactate.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 32. Section 184.1655 is amended by
revising paragraph (b) to read as follows:
Stearyl citrate.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 38. Section 184.1854 is amended by
revising paragraph (b) to read as follows:
§ 184.1854
Sucrose.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 39. Section 184.1859 is amended by
revising paragraph (b) to read as follows:
§ 184.1859
Invert sugar.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 40. Section 184.1865 is amended by
revising paragraph (b) to read as follows:
§ 184.1865
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 33. Section 184.1764 is amended by
revising paragraph (b) to read as follows:
§ 184.1764
§ 184.1923
Propane.
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Sodium hypophosphite.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 34. Section 184.1768 is amended by
revising paragraph (b) to read as follows:
§ 184.1768
§ 184.1950
Sodium lactate.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 35. Section 184.1769a is amended by
revising paragraph (b) to read as follows:
§ 184.1769a
Sodium metasilicate.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 36. Section 184.1848 is amended by
revising paragraph (b) to read as follows:
ebenthall on PRODPC61 with RULES
Urea.
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§ 184.1848
Starter distillate.
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(b) The ingredient must be of a purity
suitable for its intended use.
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(b) The ingredient must be of a purity
suitable for its intended use.
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I 42. Section 184.1950 is amended by
revising paragraph (b) to read as follows:
Vitamin D.
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(b) Vitamin D2 and vitamin D3 as
crystals meet the specifications of the
Food Chemicals Codex, 3d Ed. (1981),
pp. 344 and 345, which is incorporated
by reference. Copies are available from
the National Academy Press, 2101
Constitution Ave. NW., Washington, DC
20418, or available for inspection at the
National Archives and Records
Administration (NARA). For
information on the availability of this
material at NARA, call 202–741–6030,
or go to: https://www.archives.gov/
federallregister/
codeloflfederallregulationsll
ibrllocations.html. Vitamin D2 resin
and vitamin D3 resin must be of a purity
suitable for their intended use.
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Zein.
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(b) The ingredient must be of a purity
suitable for its intended use.
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Dated: February 8, 2008.
Jeffrey Shuren,
Assistant Commissioner for Policy.
[FR Doc. E8–2809 Filed 2–13–08; 8:45 am]
BILLING CODE 4160–01–S
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 702
[TD 9382]
RIN 1545–BH41
Payments From the Presidential
Primary Matching Payment Account
Internal Revenue Service (IRS),
Treasury.
ACTION: Final and temporary
regulations.
AGENCY:
Corn syrup.
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(b) The ingredient meets the
specifications as defined and
determined in § 168.120(b) or
§ 168.121(a) of this chapter, as
appropriate.
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I 41. Section 184.1923 is amended by
revising paragraph (b) to read as follows:
§ 184.1655
43. Section 184.1984 is amended by
revising paragraph (b) to read as follows:
SUMMARY: This document contains final
and temporary regulations relating to
the financing of presidential primary
campaigns. The temporary regulations
relate to Treasury procedures for making
payments from the Presidential Primary
Matching Payment Account (Primary
Account). These temporary regulations
affect all candidates eligible to receive
payments from the Primary Account.
The text of the temporary regulations
also serves as the text for the proposed
regulations (REG–149475–07) set forth
in the notice of proposed rulemaking on
this subject in the Proposed Rules
section in this issue of the Federal
Register.
Effective Date: These regulations
are effective on February 14, 2008.
Applicability Date: For dates of
applicability, see §§ 702.9037–1(b),
702.9037–1T(b), 702.9037–2(e) and
702.9037–2T(c).
FOR FURTHER INFORMATION CONTACT:
Karla M. Meola at (202) 622–4930 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
DATES:
Background
Under section 6096 of the Internal
Revenue Code (Code), individuals
whose income tax liability for the
taxable year is $3 or more may designate
$3 for the Presidential Election
Campaign Fund (Fund) on their tax
returns. Section 9006(a) establishes the
E:\FR\FM\14FER1.SGM
14FER1
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Federal Register / Vol. 73, No. 31 / Thursday, February 14, 2008 / Rules and Regulations
Fund and requires the Treasury
Secretary (Treasury) to transfer amounts
designated under section 6096 to the
Fund. Three types of payments are
made from the Fund: (1) Payments to
the national committee of each major
and minor party, (2) payments to the
eligible candidates of a political party
for President and Vice President, and (3)
payments to eligible candidates seeking
nomination for election to be President.
See sections 9008(b)(3), 9006(b) and
9037(b).
Section 9008 requires the Treasury to
maintain a separate account in the Fund
for payments to the national committee
of each major and minor party for their
presidential nominating conventions, to
be made upon receipt of certification by
the Federal Election Commission
(Commission). Section 9008(a) directs
the Treasury to fund this account before
making payments under section 9006(b)
to eligible candidates for President and
Vice President. Section 9037(a) directs
the Treasury to establish within the
Fund an additional separate account,
the Primary Account. Section 9037(a)
also directs the Treasury to make
deposits to the Primary Account only
after funds ‘‘are available’’ for payments
for the nominating conventions under
section 9008 and the general election
under section 9006. Section 9037(b)
requires the Treasury to transfer
amounts certified by the Commission
from the Primary Account to candidates
seeking nomination for President.
Section 9037(b) also provides that in
making such transfers to candidates of
the same political party, the Treasury
will seek to achieve an equitable
distribution of available funds, and will
take into account, in seeking to achieve
an equitable distribution, the sequence
in which certifications from the
Commission are received. Under section
9032(6), primary candidates may receive
payments under section 9037(b)
beginning on the first day of the
calendar year of the presidential general
election.
Section 702.9037–2(c) establishes a
‘‘shortfall rule,’’ which provides that if
the amount certified by the Commission
for primary candidates in a calendar
month exceeds the balance in the
Primary Account on the last day of the
calendar month, the amount paid to a
candidate for that month from the
Primary Account is determined by
multiplying the amount certified by the
Commission for the candidate during
that month by the ratio of the balance
in the Primary Account on the last day
of the calendar month over the total
amount certified by the Commission for
all the candidates during that month.
Any amount certified by the
VerDate Aug<31>2005
15:28 Feb 13, 2008
Jkt 214001
Commission, but not paid to a candidate
because of the operation of this shortfall
rule, is treated as an amount certified by
the Commission for that candidate
during the succeeding calendar month.
Notice 96–13 (1996–1 CB 366)
announced a change in the payment
procedures contained in § 702.9037–
2(c). The notice stated that when the
Primary Account is in a shortfall
position, the Treasury may make an
additional payment between regular
payment dates promptly after funds are
available. Such payment is determined
by multiplying the amount certified by
the Commission for the candidate in
month 1 by the ratio of the balance in
the Primary Account (but not to exceed
the shortfall) on the 15th day of month
2 (or the first business day thereafter if
the 15th is not a business day) over the
total amount certified by the
Commission for all the candidates in
month 1. Notice 96–13 stated that the
regulations would be amplified to
reflect these changed procedures and
that the revised regulations would have
an effective date of February 2, 1996.
See § 601.601(d)(2)(ii)(b).
Notice 2007–96 (2007–49 IRB 1091)
superseded Notice 96–13 and
announced that the procedures for
making payments from the Primary
Account would be changed. The notice
also announced that the Treasury
intended to modify the regulations
under section 9037 to reflect the
changed procedures. In compliance
with section 7805(b)(1)(C), and as stated
in Notice 2007–96, pursuant to Notice
96–13, the effective date of these
amendments to the regulations would
be February 2, 1996.
Explanation of Provisions
The regulations under section 9037
were promulgated in 1991 and provide
procedures for administering the
Primary Account. The procedures
specified in these regulations have not
kept pace with technological changes
that allow the Primary Account to be
administered and operated more
efficiently. For example, the regulations
do not provide for more than monthly
payments in the event of a shortfall as
contemplated by Notice 96–13.
Accordingly, the temporary regulations
remove these outdated administrative
procedures. Concurrently with the
issuance of these temporary regulations
the Internal Revenue Service is
publishing a revenue procedure
specifying revised procedures for
administering the Primary Account.
These revised procedures allow weekly
payments from the Primary Account to
candidates.
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8609
Effective/Applicability Date
These temporary regulations apply to
payments from the Primary Account on
or after February 2, 1996.
Special Analyses
It has been determined that this
Treasury decision is not a significant
regulatory action as defined in
Executive Order 12866. Therefore, a
regulatory assessment is not required. It
also has been determined that section
553(b) of the Administrative Procedure
Act (5 U.S.C. chapter 5) does not apply
to these regulations. For the
applicability of the Regulatory
Flexibility Act (5 U.S.C. chapter 6) refer
to the Special Analysis section of the
preamble to the cross-reference notice of
proposed rulemaking published in the
Proposed Rule section in this issue of
the Federal Register. Pursuant to
section 7805(f) of the Code, these
regulations have been submitted to the
Chief Counsel for Advocacy of the Small
Business Administration for comment
on their impact on small business.
Drafting Information
The principal author of these
regulations is Karla M. Meola, Office of
the Associate Chief Counsel (Income
Tax and Accounting), IRS. However,
other personnel from the IRS and
Treasury Department participated in
their development.
List of Subjects in 26 CFR Part 702
Campaign funds.
Amendments to the Regulations
Accordingly, 26 CFR part 702 is
amended as follows:
I
PART 702—PRESIDENTIAL PRIMARY
MATCHING PAYMENT ACCOUNT
Paragraph 1. The authority citation
for part 702 continues to read in part as
follows:
I
Authority: 26 U.S.C. 7805 * * *
I Par. 2. Section 702.9037–1 is
amended as follows:
I 1.The undesignated text is designated
as paragraph (a).
I 2. Paragraph (b) is added.
The revision reads as follows:
§ 702.9037–1 Transfer of amounts to the
Presidential Primary Matching Payment
Account.
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(b) Effective/applicability date. These
regulations apply to the Primary
Account before February 2, 1996.
I Par. 3. Section 702.9037–1T is added
to read as follows:
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8610
Federal Register / Vol. 73, No. 31 / Thursday, February 14, 2008 / Rules and Regulations
§ 702.9037–1T Transfer of amounts to the
Presidential Primary Matching Payment
Account (temporary).
(a) In general. The Secretary will
deposit amounts into the Presidential
Primary Matching Payment Account
(Primary Account) only to the extent
that there are amounts in the
Presidential Election Campaign Fund
(Fund) after the transfers prescribed by
§ 701.9006–1(c) and (d). The Secretary
will make this deposit promptly from
amounts that have actually been
transferred to the Fund under
§ 701.9006–1(a). Any amounts in the
Primary Account after October 31
following a presidential election will be
returned to the Fund for the purpose of
making the transfers prescribed by
§ 701.9006–1(c), (d), and (f) for the next
presidential election.
(b) Effective/applicability date. (1)
These regulations apply to the Primary
Account on or after February 2, 1996.
(2) Expiration Date. This section
expires on February 11, 2011.
I Par. 4. Section 702.9037–2 is
amended by adding paragraph (e) to
read as follows:
§ 702.9037–2 Payments from the
Presidential Primary Matching Payment
Account.
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(e) Effective/applicability date. These
regulations apply to the Primary
Account before February 2, 1996.
I Par. 5. Section 702.9037–2T is added
to read as follows:
ebenthall on PRODPC61 with RULES
§ 702.9037–2T Payments from the
Presidential Primary Matching Payment
Account (temporary).
(a) In general. Pursuant to section
9036, the Federal Election Commission
(Commission) will certify to the
Secretary the full amount of payment to
which a candidate is entitled under
section 9034. The Secretary will pay
promptly, but not before the start of the
matching payment period under section
9032(6), the amounts certified by the
Commission from the Presidential
Primary Matching Payment Account
(Primary Account) to the candidate.
(b) Additional guidance. The Internal
Revenue Service may publish guidance
in the Internal Revenue Bulletin (see
§ 601.601(d)(2)(ii)(b) of this chapter)
prescribing additional rules and
procedures for the Primary Account.
(c) Effective/applicability date. (1)
These regulations apply to the Primary
Account on or after February 2, 1996.
VerDate Aug<31>2005
15:28 Feb 13, 2008
Jkt 214001
(2) Expiration Date. This section
expires on February 11, 2011.
Linda E. Stiff,
Deputy Commissioner for Services and
Enforcement.
Approved: February 1, 2008.
Eric Solomon,
Assistant Secretary of the Treasury (Tax
Policy).
[FR Doc. 08–674 Filed 2–11–08; 12:09 pm]
BILLING CODE 4830–01–P
ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Parts 271 and 272
[EPA–R08–RCRA–2006–0501; FRL–8524–7]
North Dakota: Final Authorization of
State Hazardous Waste Management
Program Revisions and Incorporation
by Reference of Approved Hazardous
Waste Program
Environmental Protection
Agency (EPA).
ACTION: Immediate final rule.
AGENCY:
SUMMARY: The Solid Waste Disposal Act,
as amended, commonly referred to as
the Resource Conservation and
Recovery Act (RCRA), allows the
Environmental Protection Agency (EPA)
to authorize States to operate their
hazardous waste management programs
in lieu of the federal program. EPA uses
the regulations entitled ‘‘Approved State
Hazardous Waste Management
Programs’’ to provide notice of the
authorization status of State programs
and to incorporate by reference those
provisions of the State regulations that
will be subject to EPA’s inspection and
enforcement. This rule codifies in the
regulations the prior approval of North
Dakota’s hazardous waste management
program and incorporates by reference
authorized provisions of the State’s
regulations. In addition, this document
corrects errors made in the Federal
Register authorization documents for
North Dakota published on June 25,
1990 and September 26, 2005.
DATES: This final authorization will
become effective on April 14, 2008,
unless the EPA receives adverse written
comment by March 17, 2008. If adverse
comment is received, EPA will publish
a timely withdrawal of the immediate
final rule in the Federal Register
informing the public that the rule will
not take effect. The incorporation by
reference of authorized provisions in the
North Dakota statutes and regulations
contained in this rule is approved by the
Director of the Federal Register as of
April 14, 2008.
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Submit your comments,
identified by Docket ID No. EPA–R08–
RCRA–2006–0501, by one of the
following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the on-line
instructions for submitting comments.
• E-mail: daly.carl@epa.gov.
• Fax: (303) 312–6341.
• Mail: Send written comments to
Carl Daly, Solid and Hazardous Waste
Program, EPA Region 8, Mailcode 8P–
HW, 1595 Wynkoop Street, Denver,
Colorado 80202–1129.
• Hand Delivery or Courier: Deliver
your comments to Carl Daly, Solid and
Hazardous Waste Program, EPA Region
8, Mailcode 8P–HW, 1595 Wynkoop
Street, Denver, Colorado 80202–1129.
Such deliveries are only accepted
during the Regional Office’s normal
hours of operation. The public is
advised to call in advance to verify the
business hours. Special arrangements
should be made for deliveries of boxed
information.
Instructions: Direct your comments to
Docket ID No. EPA–R08–RCRA–2006–
0501. EPA’s policy is that all comments
received will be included in the public
docket without change, including any
personal information provided, unless
the comment includes information
claimed to be Confidential Business
Information (CBI) or other information
whose disclosure is restricted by statute.
Do not submit information that you
consider to be CBI or otherwise
protected through https://
www.regulations.gov, or e-mail. The
federal web site, (https://
www.regulations.gov) is an ‘‘anonymous
access’’ system, which means EPA will
not know your identity or contact
information unless you provide it in the
body of your comment. If you send an
e-mail comment directly to EPA without
going through https://
www.regulations.gov, your e-mail
address will be automatically captured
and included as part of the comment
that is placed in the public docket and
made available on the Internet. If you
submit an electronic comment, EPA
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ADDRESSES:
E:\FR\FM\14FER1.SGM
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]]>Agencies
[Federal Register Volume 73, Number 31 (Thursday, February 14, 2008)]
[Rules and Regulations]
[Pages 8608-8610]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-674]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 702
[TD 9382]
RIN 1545-BH41
Payments From the Presidential Primary Matching Payment Account
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final and temporary regulations.
-----------------------------------------------------------------------
SUMMARY: This document contains final and temporary regulations
relating to the financing of presidential primary campaigns. The
temporary regulations relate to Treasury procedures for making payments
from the Presidential Primary Matching Payment Account (Primary
Account). These temporary regulations affect all candidates eligible to
receive payments from the Primary Account. The text of the temporary
regulations also serves as the text for the proposed regulations (REG-
149475-07) set forth in the notice of proposed rulemaking on this
subject in the Proposed Rules section in this issue of the Federal
Register.
DATES: Effective Date: These regulations are effective on February 14,
2008.
Applicability Date: For dates of applicability, see Sec. Sec.
702.9037-1(b), 702.9037-1T(b), 702.9037-2(e) and 702.9037-2T(c).
FOR FURTHER INFORMATION CONTACT: Karla M. Meola at (202) 622-4930 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
Under section 6096 of the Internal Revenue Code (Code), individuals
whose income tax liability for the taxable year is $3 or more may
designate $3 for the Presidential Election Campaign Fund (Fund) on
their tax returns. Section 9006(a) establishes the
[[Page 8609]]
Fund and requires the Treasury Secretary (Treasury) to transfer amounts
designated under section 6096 to the Fund. Three types of payments are
made from the Fund: (1) Payments to the national committee of each
major and minor party, (2) payments to the eligible candidates of a
political party for President and Vice President, and (3) payments to
eligible candidates seeking nomination for election to be President.
See sections 9008(b)(3), 9006(b) and 9037(b).
Section 9008 requires the Treasury to maintain a separate account
in the Fund for payments to the national committee of each major and
minor party for their presidential nominating conventions, to be made
upon receipt of certification by the Federal Election Commission
(Commission). Section 9008(a) directs the Treasury to fund this account
before making payments under section 9006(b) to eligible candidates for
President and Vice President. Section 9037(a) directs the Treasury to
establish within the Fund an additional separate account, the Primary
Account. Section 9037(a) also directs the Treasury to make deposits to
the Primary Account only after funds ``are available'' for payments for
the nominating conventions under section 9008 and the general election
under section 9006. Section 9037(b) requires the Treasury to transfer
amounts certified by the Commission from the Primary Account to
candidates seeking nomination for President. Section 9037(b) also
provides that in making such transfers to candidates of the same
political party, the Treasury will seek to achieve an equitable
distribution of available funds, and will take into account, in seeking
to achieve an equitable distribution, the sequence in which
certifications from the Commission are received. Under section 9032(6),
primary candidates may receive payments under section 9037(b) beginning
on the first day of the calendar year of the presidential general
election.
Section 702.9037-2(c) establishes a ``shortfall rule,'' which
provides that if the amount certified by the Commission for primary
candidates in a calendar month exceeds the balance in the Primary
Account on the last day of the calendar month, the amount paid to a
candidate for that month from the Primary Account is determined by
multiplying the amount certified by the Commission for the candidate
during that month by the ratio of the balance in the Primary Account on
the last day of the calendar month over the total amount certified by
the Commission for all the candidates during that month. Any amount
certified by the Commission, but not paid to a candidate because of the
operation of this shortfall rule, is treated as an amount certified by
the Commission for that candidate during the succeeding calendar month.
Notice 96-13 (1996-1 CB 366) announced a change in the payment
procedures contained in Sec. 702.9037-2(c). The notice stated that
when the Primary Account is in a shortfall position, the Treasury may
make an additional payment between regular payment dates promptly after
funds are available. Such payment is determined by multiplying the
amount certified by the Commission for the candidate in month 1 by the
ratio of the balance in the Primary Account (but not to exceed the
shortfall) on the 15th day of month 2 (or the first business day
thereafter if the 15th is not a business day) over the total amount
certified by the Commission for all the candidates in month 1. Notice
96-13 stated that the regulations would be amplified to reflect these
changed procedures and that the revised regulations would have an
effective date of February 2, 1996. See Sec. 601.601(d)(2)(ii)(b).
Notice 2007-96 (2007-49 IRB 1091) superseded Notice 96-13 and
announced that the procedures for making payments from the Primary
Account would be changed. The notice also announced that the Treasury
intended to modify the regulations under section 9037 to reflect the
changed procedures. In compliance with section 7805(b)(1)(C), and as
stated in Notice 2007-96, pursuant to Notice 96-13, the effective date
of these amendments to the regulations would be February 2, 1996.
Explanation of Provisions
The regulations under section 9037 were promulgated in 1991 and
provide procedures for administering the Primary Account. The
procedures specified in these regulations have not kept pace with
technological changes that allow the Primary Account to be administered
and operated more efficiently. For example, the regulations do not
provide for more than monthly payments in the event of a shortfall as
contemplated by Notice 96-13. Accordingly, the temporary regulations
remove these outdated administrative procedures. Concurrently with the
issuance of these temporary regulations the Internal Revenue Service is
publishing a revenue procedure specifying revised procedures for
administering the Primary Account. These revised procedures allow
weekly payments from the Primary Account to candidates.
Effective/Applicability Date
These temporary regulations apply to payments from the Primary
Account on or after February 2, 1996.
Special Analyses
It has been determined that this Treasury decision is not a
significant regulatory action as defined in Executive Order 12866.
Therefore, a regulatory assessment is not required. It also has been
determined that section 553(b) of the Administrative Procedure Act (5
U.S.C. chapter 5) does not apply to these regulations. For the
applicability of the Regulatory Flexibility Act (5 U.S.C. chapter 6)
refer to the Special Analysis section of the preamble to the cross-
reference notice of proposed rulemaking published in the Proposed Rule
section in this issue of the Federal Register. Pursuant to section
7805(f) of the Code, these regulations have been submitted to the Chief
Counsel for Advocacy of the Small Business Administration for comment
on their impact on small business.
Drafting Information
The principal author of these regulations is Karla M. Meola, Office
of the Associate Chief Counsel (Income Tax and Accounting), IRS.
However, other personnel from the IRS and Treasury Department
participated in their development.
List of Subjects in 26 CFR Part 702
Campaign funds.
Amendments to the Regulations
0
Accordingly, 26 CFR part 702 is amended as follows:
PART 702--PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
0
Paragraph 1. The authority citation for part 702 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 702.9037-1 is amended as follows:
0
1.The undesignated text is designated as paragraph (a).
0
2. Paragraph (b) is added.
The revision reads as follows:
Sec. 702.9037-1 Transfer of amounts to the Presidential Primary
Matching Payment Account.
* * * * *
(b) Effective/applicability date. These regulations apply to the
Primary Account before February 2, 1996.
0
Par. 3. Section 702.9037-1T is added to read as follows:
[[Page 8610]]
Sec. 702.9037-1T Transfer of amounts to the Presidential Primary
Matching Payment Account (temporary).
(a) In general. The Secretary will deposit amounts into the
Presidential Primary Matching Payment Account (Primary Account) only to
the extent that there are amounts in the Presidential Election Campaign
Fund (Fund) after the transfers prescribed by Sec. 701.9006-1(c) and
(d). The Secretary will make this deposit promptly from amounts that
have actually been transferred to the Fund under Sec. 701.9006-1(a).
Any amounts in the Primary Account after October 31 following a
presidential election will be returned to the Fund for the purpose of
making the transfers prescribed by Sec. 701.9006-1(c), (d), and (f)
for the next presidential election.
(b) Effective/applicability date. (1) These regulations apply to
the Primary Account on or after February 2, 1996.
(2) Expiration Date. This section expires on February 11, 2011.
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Par. 4. Section 702.9037-2 is amended by adding paragraph (e) to read
as follows:
Sec. 702.9037-2 Payments from the Presidential Primary Matching
Payment Account.
* * * * *
(e) Effective/applicability date. These regulations apply to the
Primary Account before February 2, 1996.
0
Par. 5. Section 702.9037-2T is added to read as follows:
Sec. 702.9037-2T Payments from the Presidential Primary Matching
Payment Account (temporary).
(a) In general. Pursuant to section 9036, the Federal Election
Commission (Commission) will certify to the Secretary the full amount
of payment to which a candidate is entitled under section 9034. The
Secretary will pay promptly, but not before the start of the matching
payment period under section 9032(6), the amounts certified by the
Commission from the Presidential Primary Matching Payment Account
(Primary Account) to the candidate.
(b) Additional guidance. The Internal Revenue Service may publish
guidance in the Internal Revenue Bulletin (see Sec.
601.601(d)(2)(ii)(b) of this chapter) prescribing additional rules and
procedures for the Primary Account.
(c) Effective/applicability date. (1) These regulations apply to
the Primary Account on or after February 2, 1996.
(2) Expiration Date. This section expires on February 11, 2011.
Linda E. Stiff,
Deputy Commissioner for Services and Enforcement.
Approved: February 1, 2008.
Eric Solomon,
Assistant Secretary of the Treasury (Tax Policy).
[FR Doc. 08-674 Filed 2-11-08; 12:09 pm]
BILLING CODE 4830-01-P
