Texas Administrative Code
Title 1 - ADMINISTRATION
Part 2 - TEXAS ETHICS COMMISSION
Chapter 20 - REPORTING POLITICAL CONTRIBUTIONS AND EXPENDITURES
Subchapter B - GENERAL REPORTING RULES
Section 20.50 - Total Political Contributions Maintained

Universal Citation: 1 TX Admin Code ยง 20.50

Current through Reg. 49, No. 38; September 20, 2024

(a) For purposes of Election Code § RSA 254.031(a)(8) and § RSA 254.0611(a)(1), the total amount of political contributions maintained in one or more accounts includes the following:

(1) The balance on deposit in banks, savings and loan institutions, and other depository institutions;

(2) The present value of any investments that can be readily converted to cash, such as certificates of deposit, money market accounts, stocks, bonds, treasury bills, etc.; and

(3) The balance of political contributions accepted and held in any online fundraising account over which the filer can exercise control by making a withdrawal, expenditure, or transfer.

(b) For purposes of Election Code § RSA 254.031(a)(8) and § RSA 254.0611(a)(1), the total amount of political contributions maintained includes personal funds that the filer intends to use for political expenditures only if the funds have been deposited in an account in which political contributions are held as permitted by Election Code § RSA 253.0351(c).

(c) For purposes of Election Code § RSA 254.031(a-1), the difference between the total amount of political contributions maintained that is disclosed in a report and the correct amount is a de minimis error if the difference does not exceed:

(1) $250; or

(2) the lesser of 10% of the amount disclosed or $2,500.

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