(a) For purposes of Election Code §254.031(a)(8)
and §254.0611(a)(1), the total amount of political contributions
maintained in one or more accounts includes the following:
(1) The balance on deposit in banks, savings and loan
institutions, and other depository institutions;
(2) The present value of any investments that can be
readily converted to cash, such as certificates of deposit, money
market accounts, stocks, bonds, treasury bills, etc.; and
(3) The balance of political contributions accepted
and held in any online fundraising account over which the filer can
exercise control by making a withdrawal, expenditure, or transfer.
(b) For purposes of Election Code §254.031(a)(8)
and §254.0611(a)(1), the total amount of political contributions
maintained includes personal funds that the filer intends to use for
political expenditures only if the funds have been deposited in an
account in which political contributions are held as permitted by
Election Code §253.0351(c).
(c) For purposes of Election Code §254.031(a-1),
the difference between the total amount of political contributions
maintained that is disclosed in a report and the correct amount is
a de minimis error if the difference does not exceed:
(1) $250; or
(2) the lesser of 10% of the amount disclosed or $2,500.
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Source Note: The provisions of this §20.50 adopted to be effective July 1, 2008, 33 TexReg 4999; amended to be effective November 1, 2011, 36 TexReg 7311; amended to be effective January 1, 2017, 41 TexReg 10541 |