10A.241 TRANSFER OF DEBTS.
Notwithstanding section
10A.24, a candidate may terminate the candidate's principal
campaign committee for one state office by transferring any debts of that committee to the
candidate's principal campaign committee for another state office if all outstanding unpaid bills
or loans from the committee being terminated are assumed and continuously reported by the
committee to which the transfer is being made until paid or forgiven. A loan that is forgiven is
covered by section
10A.20 and, for purposes of section
10A.324, is a contribution to the principal
campaign committee from which the debt was transferred under this section.
History: 1986 c 475 s 1; 1991 c 199 art 2 s 1; 1999 c 220 s 28