68A.304 CAMPAIGN PROPERTY.
1. a. Equipment, supplies, or other materials purchased with
campaign funds or received in-kind are campaign property.
b. Campaign property belongs to the candidate's committee and
not to the candidate.
c. Campaign property that has a value of five hundred dollars
or more at the time it is acquired by the committee shall be
separately disclosed as committee inventory on reports filed pursuant
to section 68A.402, including a declaration of the approximate
current value of the property. The campaign property shall continue
to be reported as committee inventory until it is disposed of by the
committee or until the property has been reported once as having a
residual value of less than one hundred dollars.
d. Consumable campaign property is not required to be
reported as committee inventory, regardless of the initial value of
the consumable campaign property. "Consumable campaign
property", for purposes of this section, means stationery, campaign
signs, and other campaign materials that have been permanently
imprinted to be specific to a candidate or election.
2. Upon dissolution of the candidate's committee, a report
accounting for the disposition of all items of campaign property,
excluding consumable campaign property, having a residual value of
one hundred dollars or more shall be filed with the board. Campaign
property, excluding consumable campaign property, having a residual
value of one hundred 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 68A.303.
3. Consumable campaign property may be disposed of in any manner
by the candidate's committee. A candidate's committee shall not
transfer consumable campaign property to another candidate without
receiving fair market value compensation unless the candidate in both
campaigns is the same person.
68A.304 CAMPAIGN PROPERTY.
1. a. Equipment, supplies, or other materials purchased with
campaign funds or received in-kind are campaign property.
b. Campaign property belongs to the candidate's committee and
not to the candidate.
c. Campaign property that has a value of five hundred dollars
or more at the time it is acquired by the committee shall be
separately disclosed as committee inventory on reports filed pursuant
to section 68A.402, including a declaration of the approximate
current value of the property. The campaign property shall continue
to be reported as committee inventory until it is disposed of by the
committee or until the property has been reported once as having a
residual value of less than one hundred dollars.
d. Consumable campaign property is not required to be
reported as committee inventory, regardless of the initial value of
the consumable campaign property. "Consumable campaign
property", for purposes of this section, means stationery, campaign
signs, and other campaign materials that have been permanently
imprinted to be specific to a candidate or election.
2. Upon dissolution of the candidate's committee, a report
accounting for the disposition of all items of campaign property,
excluding consumable campaign property, having a residual value of
one hundred dollars or more shall be filed with the board. Campaign
property, excluding consumable campaign property, having a residual
value of one hundred 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 68A.303.
3. Consumable campaign property may be disposed of in any manner
by the candidate's committee. A candidate's committee shall not
transfer consumable campaign property to another candidate without
receiving fair market value compensation unless the candidate in both
campaigns is the same person.
68A.304 CAMPAIGN PROPERTY.
1. a. Equipment, supplies, or other materials purchased with
campaign funds or received in-kind are campaign property.
b. Campaign property belongs to the candidate's committee and
not to the candidate.
c. Campaign property that has a value of five hundred dollars
or more at the time it is acquired by the committee shall be
separately disclosed as committee inventory on reports filed pursuant
to section 68A.402, including a declaration of the approximate
current value of the property. The campaign property shall continue
to be reported as committee inventory until it is disposed of by the
committee or until the property has been reported once as having a
residual value of less than one hundred dollars.
d. Consumable campaign property is not required to be
reported as committee inventory, regardless of the initial value of
the consumable campaign property. "Consumable campaign
property", for purposes of this section, means stationery, campaign
signs, and other campaign materials that have been permanently
imprinted to be specific to a candidate or election.
2. Upon dissolution of the candidate's committee, a report
accounting for the disposition of all items of campaign property,
excluding consumable campaign property, having a residual value of
one hundred dollars or more shall be filed with the board. Campaign
property, excluding consumable campaign property, having a residual
value of one hundred 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 68A.303.
3. Consumable campaign property may be disposed of in any manner
by the candidate's committee. A candidate's committee shall not
transfer consumable campaign property to another candidate without
receiving fair market value compensation unless the candidate in both
campaigns is the same person.
