Proceeds and costs of joint fund raising events held by two or more principal campaign committees must be allocated in such a way as to avoid earmarking and prohibited transfers or contributions from one principal campaign committee to another.
Principal campaign committees may be certain that allocation of proceeds and costs of a joint fundraising event will not result in earmarking or a prohibited transfer or contribution if:
contributions are made individually to each committee by check payable to the committee, by cash given in a separate collection for the committee, or by cash with a record kept of each contributor and recipient;
expenses of the event are allocated among the participating committees in direct proportion to the contributions received by each committee; and
campaign expenditures and noncampaign disbursements are allocated separately and in the same proportion.
The treasurers of principal campaign committees conducting a joint fund raising event must maintain records of all costs associated with the event. After the conclusion of the event, the treasurers shall complete a reconciliation and allocation of the costs of the event pursuant to this part, and shall make any transfers of funds between the committees necessary to properly allocate the expenses.
MS s 10A.02
February 28, 2006
Copyright © 2006 by the Revisor of Statutes, State of Minnesota. All rights reserved.