Title 032 | Chapter 002 | Regulation 130
32 KAR 2:130.Monetary contributions made in a format other than cash, and refunds.
Section 1.
(1)
If a candidate, slate of candidates, committee, or anyone on their behalf receives a contribution prohibited by the provisions of KRS 121.150, the candidate, slate of candidates, or committee shall have thirty (30) days from the date the contribution is deposited in the campaign account to refund the contribution.(2)
A refund made in compliance with subsection (1) of this section shall constitute compliance with the provisions of KRS 121.150.(3)
All contributions not otherwise refunded in accordance with subsection (1) of this section shall be considered accepted by the candidate, slate of candidates, or committee, as applicable.Section 2.
A candidate, slates of candidates, campaign committee, or a person acting on their behalf, shall not accept a monetary contribution in any format in excess of the maximum cash contribution limit contained in KRS 121.150(4) unless the contribution generates a paper or electronic record that clearly identifies both the payor and payee.HISTORY: (19 Ky.R. 2519; 20 Ky.R. 51; eff. 7-12-1993; 37 Ky.R. 2256; eff. 6-3-2011; Crt eff. 9-27-2019.)
32 KAR 2:130.Monetary contributions made in a format other than cash, and refunds.
Section 1.
(1)
If a candidate, slate of candidates, committee, or anyone on their behalf receives a contribution prohibited by the provisions of KRS 121.150, the candidate, slate of candidates, or committee shall have thirty (30) days from the date the contribution is deposited in the campaign account to refund the contribution.(2)
A refund made in compliance with subsection (1) of this section shall constitute compliance with the provisions of KRS 121.150.(3)
All contributions not otherwise refunded in accordance with subsection (1) of this section shall be considered accepted by the candidate, slate of candidates, or committee, as applicable.Section 2.
A candidate, slates of candidates, campaign committee, or a person acting on their behalf, shall not accept a monetary contribution in any format in excess of the maximum cash contribution limit contained in KRS 121.150(4) unless the contribution generates a paper or electronic record that clearly identifies both the payor and payee.HISTORY: (19 Ky.R. 2519; 20 Ky.R. 51; eff. 7-12-1993; 37 Ky.R. 2256; eff. 6-3-2011; Crt eff. 9-27-2019.)