Wash. Admin. Code § 390-16-234 - Transfers of candidate funds

(1) Candidates are encouraged to directly pay to a vendor their proportionate share of joint campaign expenses. When separate, direct payments are not possible, one candidate may transfer campaign funds to another candidate without violating RCW 42.17A.430(8): Provided, That:

(a) The transferred funds are used exclusively for the joint expenditure;

(b) The amount may not exceed the prorated share attributable to the candidate who transfers the funds;

(c) The funds are transferred within two business days of the expenditure;

(d) Any transferred funds not used for the joint expenditure are returned no later than one business day after the expenditure is made; and

(e) The purpose of the transferred funds is timely disclosed as would be required for a direct expenditure.

(2) Candidate surplus funds may be transferred without limit to a bona fide political party or to a caucus political committee.

(3) Except as provided in subsections (1) and (2) of this section, no candidate or candidate's authorized committee may transfer surplus or nonsurplus funds to any other candidate or political committee.

Notes

Wash. Admin. Code § 390-16-234

Amended by WSR 17-01-161, Filed 12/21/2016, effective 1/21/2017

Statutory Authority: RCW 42.17A.110. 12-03-002, § 390-16-234, filed 1/4/12, effective 2/4/12. Statutory Authority: RCW 42.17.370. 02-23-001, § 390-16-234, filed 11/6/02, effective 12/7/02; 93-16-064, § 390-16-234, filed 7/30/93, effective 8/30/93.