Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO:
KRS
121.180(3), (4), (7)
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
121.180(3)(b) requires
candidates, campaign committees, political issues committees, and registered
fundraisers to file a report on the 32nd day preceding an election.
KRS
121.180(4) and (7) require
that candidates, campaign committees, political issues committees, and
registered fundraisers shall file postelection reports within thirty (30) days
after the election, and supplemental reports until any balance of funds
remaining or debts owed show no unexpended balance or unpaid deficit. It is
necessary to promulgate this administrative regulation to clarify the manner in
which these reports are to be compiled as the transition is made between
reporting periods for the primary and regular elections.
Section 1. Definitions.
(1) "Thirty (30) day postelection report"
means the postelection report required by
KRS
121.180(4).
(2) "Supplemental report" means the report
required by
KRS
121.180(7).
(3) "Thirty-two (32) day preelection report"
means the report required by
KRS
121.180(3)(b).
Section 2. Postelection Reports.
(1) In making the thirty (30) day
postelection report required by
KRS
121.180(4) following a
primary election, the candidate, campaign committee, political issues
committee, or registered fundraiser shall reflect only those contributions
received, expenditures made, and debts incurred as of 12 midnight local time on
the date of the primary election.
(2) All contributions received, expenditures
made, and debts incurred subsequent to 12 midnight local time on the date of
the primary shall be attributed to the regular election and shall be reflected
on the thirty-two (32) day preelection report filed prior to the regular
election.
Section 3.
Supplemental Reports.
(1) In making the
supplemental reports required by
KRS
121.180(7), a candidate,
campaign committee, political issues committee, or registered fundraiser shall
reflect the remaining balance and debts owing for the primary election only. A
successful primary candidate who files one (1) or more supplemental reports for
the primary and has carried a remaining balance forward to his campaign account
for the regular election, shall reflect on the supplemental report only debts
outstanding from the primary election. The supplemental report shall be
accompanied by form KREF 92-009 (Certificate of Debt Assumption). The balance
carried forward shall be reflected on the thirty-two (32) day preelection
report for the regular election.
(2) In making the postregular election
supplemental reports required by
KRS
121.180(7), a candidate,
campaign committee, or political issues committee shall reflect the remaining
balance (including funds carried over from the primary and reflected on the
thirty-two (32) day preelection report) and debts owing for the regular
election only. Supplemental reports shall be filed for the regular election
until the debts are paid or assumed and unexpended balance transferred to a
future-year candidacy for the same office, issue, or other disposition
made.
Section 4.
Material Incorporated by Reference. Form KREF 92-009 (Certificate of Debt
Assumption), revised 7/10/92, is hereby incorporated by reference and may be
obtained free of charge from the Registry of Election Finance, 140 Walnut
Street, Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 4:30 p.m.
local time.
STATUTORY AUTHORITY:
KRS
121.120(1)(g)
