1 Tex. Admin. Code § 24.18 - Designation of Contribution for Administrative Purposes

Current through Reg. 47, No. 14; April 8, 2022

(a) Any of the following will serve to designate a political expenditure in the form of a political contribution made by a corporation or labor organization as restricted to the establishment, administration, maintenance, or operation of a general-purpose committee:
(1) A contemporaneous written instruction that the contribution is restricted to the administration, maintenance, or operation of the committee accepting the contribution;
(2) The negotiable instrument conveying the contribution contains language indicating that the entity is a corporation, including but not limited to "Inc.," "Incorporated," "Corp.," or "Corporation;"
(3) The general-purpose committee accepting the contribution reports the contribution as monetary contribution or monetary support from a corporation or labor organization on the committee's campaign finance report ; or
(4) The general-purpose committee accepting the contribution deposits the contribution into a separate segregated account for political contributions from corporations and labor organizations.
(b) Subsection (a) of this section shall not be read to restrict a hybrid committee, a direct campaign expenditure-only committee, or a political committee that supports or opposes measures exclusively from using a contribution from a corporation or labor organization to make a direct campaign expenditure.

Notes

1 Tex. Admin. Code § 24.18
Adopted by Texas Register, Volume 44, Number 16, April 19, 2019, TexReg 1980, eff. 4/25/2019; Amended by Texas Register, Volume 45, Number 28, July 10, 2020, TexReg 4738, eff. 7/13/2020

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