Iowa Admin. Code r. 351-4.30 - Funds from unknown source prohibited; subsequent identification of source; notice to contributors
(1)
Anonymous contributions in excess of $25 prohibited. No person
shall make a contribution in excess of $25 to a committee without providing the
person's name and address to the committee. The committee shall not maintain in
any campaign account funds in excess of $25 that cannot be accounted for and
reconciled with the committee's disclosure reports.
(2)
Escheat to the state.
Any contribution in excess of $25 from an unknown source or campaign funds in
excess of $25 that cannot be accounted for and reconciled shall escheat to the
state of Iowa as required by Iowa Code section
68A.501.
A committee required to escheat shall escheat such funds by depositing the
funds into the committee's campaign account and issuing a committee check to
the general fund in the same amount. The committee check shall be sent to the
board office at 510 East 12th Street, Suite I A, Des Moines, Iowa 50319, for
transmittal to the office of treasurer of state.
(3)
Subsequent identification of
source. A committee discovering the source of any funds that have been
escheated to the state may make an application to the board for a return of the
funds if the following requirements are met:
a. The committee has not dissolved;
b. Documentation of the name and address of
the source is provided;
c. The
amount requested to be returned is in excess of $100; and
d. The application is made within 90 days of
the date of the deposit in the general fund of the state of
Iowa.
(4)
Notice
at fund-raising event. Pursuant to Iowa Code section
68A.501,
a person requested to make a contribution at a fund-raising event shall be
advised that it is illegal to make a contribution in excess of $25 unless the
person making the contribution also provides the person's name and address.
Notice of the requirement to provide a person's name and address for a
contribution in excess of $25 may be made orally or in a written statement that
is displayed at the fund-raising event.
This rule is intended to implement Iowa Code section 68A.501.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.