1. Equipment, supplies, or other materials purchased on or after July 1, 1991, with campaign funds are campaign property. Campaign property belongs to the candidate's committee and not to the candidate.
2. Upon dissolution of the candidate's committee, a report accounting for the disposition of all items of campaign property having a residual value of twenty-five dollars or more shall be filed with the board. Each item of campaign property having a residual value of twenty-five dollars or more shall be disposed of by one of the following methods:
a. Sale of the property at fair market value, in which case the proceeds shall be treated the same as other campaign funds.
b. Donation of the property under one of the options for transferring campaign funds set forth in section 56.42.
91 Acts, ch 226, § 12; 93 Acts, ch 163, § 38
Iowa General Assembly
Search: Iowa Code 1995
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Thu Feb 8 18:14:51 CST 1996
URL: /IACODE/1995/56/43.html
jhf