1 Tex. Admin. Code § 20.64 - Reporting the Forgiveness of a Loan or Settlement of a Debt
(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 §
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.
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.