2 AAC 50.298. Designated campaign depository

(a) Each candidate, group, or nongroup entity that intends to raise or spend more than $5,000 in a calendar year and each group or nongroup entity that intends to be active in more than one election shall designate on a registration statement one or more regulated banking institutions as its campaign depository or depositories. Each account name must indicate that it is a campaign account.

(b) Except as allowed in 2 AAC 50.250(a) (3)(J), all monetary contributions to and expenditures by a candidate, group, or nongroup entity required by (a) of this section to designate a campaign depository must be deposited to or made from that depository.

(c) A candidate, group, or nongroup entity required by (a) of this section to designate a campaign depository may obtain and use credit cards to make campaign expenditures for transportation, lodging, meals, and other expenses in connection with traveling for campaign purposes. The credit card account name must indicate that it is a campaign account.

History: Eff. 1/1/2001, Register 156; am 2/20/2005, Register 173

Authority: AS 15.13.030

AS 15.13.050

AS 15.13.067

AS 15.13.070

Editor's note: The substance of 2 AAC 50.298 was formerly located at 2 AAC 50.319. The history note does not reflect the history of the earlier regulation.

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