1 Tex. Admin. Code § 22.21 - Additional Restrictions on Reimbursement of Personal Funds and Payments on Certain Loans
(a) A candidate or
officeholder who makes political expenditures from personal funds may not
reimburse his or her personal funds from political contributions in amounts
that in the aggregate exceed the following amounts for each election in which
the person's name appears on the ballot:
(1)
for a statewide office other than governor, $250,000; or
(2) for governor, $500,000.
(b) A candidate or officeholder
who accepts one or more political contributions in the form of loans, including
an extension of credit or a guarantee of a loan or extension of credit, from
one or more persons related to the candidate or officeholder within the second
degree by affinity or consanguinity, as defined by the Government Code, Chapter
573, Subchapter B (concerning Relationships by Consanguinity or by Affinity),
may not use political contributions to repay the loans in amounts that in the
aggregate exceed the amount prescribed by subsection (a) of this section.
Interest on loans from the personal funds of any person related to the
candidate or officeholder within the second degree by affinity or consanguinity
is included in the amount prescribed by subsection (a) of this
section.
(c) The total amount of
both reimbursements and repayments made by a candidate or officeholder under
this section may not exceed the amount prescribed by subsection (a) of this
section.
(d) An individual who is
both a candidate and an officeholder covered by subsection (a) of this section
may reimburse his or her personal funds or repay loans from political
contributions only in one capacity.
Notes
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