20A-11-1301 (Effective 01/01/11) - School board office candidate -- Campaign requirements. - Utah Statutes

20A-11-1301 (Effective 01/01/11). School board office candidate -- Campaignrequirements.
(1) (a) Each school board office candidate shall deposit each contribution and publicservice assistance received in one or more separate accounts in a financial institution that arededicated only to that purpose.
(b) A school board office candidate may not use money deposited in an accountdescribed in Subsection (1)(a) for:
(i) a personal use expenditure; or
(ii) an expenditure prohibited by law.
(2) A school board office candidate may not deposit or mingle any contributions orpublic service assistance received into a personal or business account.
(3) A school board office candidate may not make any political expenditures prohibitedby law.
(4) If a person who is no longer a school board candidate chooses not to expend themoney remaining in a campaign account, the person shall continue to file the year-end summaryreport required by Section 20A-11-1302 until the statement of dissolution and final summaryreport required by Section 20A-11-1304 are filed with:
(a) the lieutenant governor in the case of a state school board candidate; and
(b) the county clerk, in the case of a local school board candidate.
(5) (a) Except as provided in Subsection (5)(b) and Section 20A-11-402, a person who isno longer a school board candidate may not expend or transfer the money in a campaign accountin a manner that would cause the former school board candidate to recognize the money astaxable income under federal tax law.
(b) A person who is no longer a school board candidate may transfer the money in acampaign account in a manner that would cause the former school board candidate to recognizethe money as taxable income under federal tax law if the transfer is made to a campaign accountfor federal office.
(6) (a) As used in this Subsection (6) and Section 20A-11-1303, "received" means:
(i) for a cash contribution, that the cash is given to a school board office candidate or amember of the candidate's personal campaign committee;
(ii) for a contribution that is a negotiable instrument or check, that the negotiableinstrument or check is negotiated; and
(iii) for any other type of contribution, that any portion of the contribution's benefitinures to the school board office candidate.
(b) Each school board office candidate shall report to the chief election officer eachcontribution and public service assistance within 30 days after the contribution or public serviceassistance is received.

Amended by Chapter 246, 2010 General Session
Amended by Chapter 389, 2010 General Session