Texas Administrative Code
Title 1 - ADMINISTRATION
Part 2 - TEXAS ETHICS COMMISSION
Chapter 20 - REPORTING POLITICAL CONTRIBUTIONS AND EXPENDITURES
Subchapter B - GENERAL REPORTING RULES
Section 20.64 - Reporting the Forgiveness of a Loan or Settlement of a Debt

Universal Citation: 1 TX Admin Code ยง 20.64

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

(a) The forgiveness of a loan to a candidate, officeholder, or political committee is a reportable in-kind political contribution unless the loan does not constitute a contribution under § RSA 251.001(2) of the Election Code, and the forgiveness of the loan was made in the due course of business.

(b) The settlement of a debt owed by a candidate, officeholder, or political committee is a reportable in-kind political contribution unless the creditor is a commercial vendor that has treated the settlement in a commercially reasonable manner that reflects the usual and normal practice of the industry, and is typical of the terms the commercial vendor offers to political and non-political persons alike.

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