§ 3-9-3-4 — Permitted uses of money contributions

(a) Money received by a candidate or committee
as a contribution may be used only:
(1) to defray any expense reasonably related to the person's or
committee's:
(A) campaign for federal, state, legislative, or local office;
(B) continuing political activity; or
(C) activity related to service in an elected office;
(2) to make an expenditure to any national, state, or local
committee of any political party or another candidate's committee;
or
(3) upon dissolution of a committee, in a manner permitted under
IC 3-9-1-12.
(b) Money received by a candidate or committee as a contribution
may not be used for primarily personal purposes by the candidate or by
any other person except as described in subsection (a).
(c) Money received as a contribution may be invested by a
committee in an account with a financial institution, savings
association, or credit union, or in any equity account. Any loss resulting
from an investment under this subsection must be reported as a
committee expenditure. Any gain resulting from an investment under
this subsection must be reported as income.

Legislative History

As added by P.L.13-1987, SEC.2. Amended by P.L.3-1993, SEC.87; P.L.3-1995, SEC.70; P.L.79-1998, SEC.1.