20A-11-301 - Legislative office candidate -- Campaign requirements. - Utah Statutes

20A-11-301. Legislative office candidate -- Campaign requirements.
(1) (a) Each legislative office candidate shall deposit each contribution and public serviceassistance received in one or more separate accounts in a financial institution that are dedicatedonly to that purpose.
(b) A legislative office candidate or the candidate's personal campaign committee maynot use money deposited in an account described in Subsection (1)(a) for:
(i) a personal use expenditure; or
(ii) an expenditure prohibited by law.
(2) A legislative office candidate may not deposit or mingle any contributions or publicservice assistance received into a personal or business account.
(3) If a person who is no longer a legislative candidate chooses not to expend the moneyremaining in a campaign account, the person shall continue to file the year-end summary reportrequired by Section 20A-11-302 until the statement of dissolution and final summary reportrequired by Section 20A-11-304 are filed with the lieutenant governor.
(4) (a) Except as provided in Subsection (4)(b) and Section 20A-11-402, a person who isno longer a legislative office candidate may not expend or transfer the money in a campaignaccount in a manner that would cause the former legislative office candidate to recognize themoney as taxable income under federal tax law.
(b) A person who is no longer a legislative office candidate may transfer the money in acampaign account in a manner that would cause the former legislative office candidate torecognize the money as taxable income under federal tax law if the transfer is made to acampaign account for federal office.
(5) (a) As used in this Subsection (5) and Section 20A-11-303, "received" means:
(i) for a cash contribution, that the cash is given to a legislative 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 legislative office candidate.
(b) Each legislative office candidate shall report each contribution and public serviceassistance to the lieutenant governor within 30 days after the contribution or public serviceassistance is received.

Amended by Chapter 246, 2010 General Session