19:44A-34 - Separate bank accounts for other funds; disposition of contributions of political committees - New Jersey Statutes

19:44A-34.  Separate bank accounts for other funds;  disposition of contributions of political committees
    a.  No contribution which must be or is intended by the contributor or the recipient to be refunded or repaid at any time, no loan obtained pursuant to section 19 of P.L.1974, c. 26 (C. 19:44A-44), no amount of the candidate's own funds in the aggregate in excess of $800.00, and no other moneys received by the candidate, his campaign treasurer or deputy campaign treasurer, except those contributions described in subsections a. and b. of section 4 of P.L.1974, c. 26 (C. 19:44A-29), shall be deposited into any candidate's primary  election and general election bank accounts described in section 7 of P.L.1974,  c. 26 (C. 19:44A-32), but shall be deposited in separate bank accounts from  which expenditures for the respective campaigns may be made.

    b.  No contribution by any county committee or municipal committee of any political party shall be deposited into any candidate's bank accounts. A State committee may forward to a candidate and have deposited into the candidate's general election bank account described in section 7 of P.L.1974, c. 26 (C. 19:44A-32) money in aid of the candidacy of or in behalf of such candidate received pursuant to section 4 of P.L.1974, c. 26 (C. 19:44A-29) and sections 11 and 12 of P.L.1973, c. 83 (C. 19:44A-11 and 19:44A-12).

     L.1974, c. 26, s. 9, eff. May 6, 1974.  Amended by L.1980, c. 74, s. 9, eff. July 23, 1980.