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.
