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Commission Rules

Chapter 24.

RESTRICTIONS ON CONTRIBUTIONS & EXPENDITURES APPLICABLE TO CORPORATIONS & LABOR ORGANIZATIONS

§24.1. Corporations and Certain Associations Covered

§24.5. Corporate Loans

§24.15. Payments to a Corporation of the Candidate or Officeholder

§24.17. Corporate Expenditures for Get-Out-the-Vote Campaigns Permitted

§24.18. Corporate Expenditures for Get-Out-the-Vote Campaigns Permitted


§24.1. Corporations and Certain Associations Covered

(a) This chapter applies to:

(b) For purposes of this chapter, members of a corporation that does not have stockholders and members of an association listed in subsection (a)(3) of this section are considered to be stockholders.

(c) This chapter does not apply to a political committee that incorporates for liability purposes only in accordance with subsection (d) of this section, provided that the sole principal purpose of the committee is accepting political contributions and making political expenditures.

(d) A political committee may incorporate to limit its liability by providing in its official incorporation documents that it is a political committee that is incorporating for liability purposes only, and that its only principal purpose is to accept political contributions and make political expenditures.

§24.5. Corporate Loans

(a) A corporation may not make a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless:

(b) This section does not apply to a loan to a political committee that supports or opposes measures exclusively.

§24.15. Payments to a Corporation of the Candidate or Officeholder

(a) If a corporation charges a candidate, officeholder, or specific-purpose committee for supporting or assisting a candidate or officeholder less than fair market value for goods or services in order to comply with section 253.041(b) of the Election Code, the discount is not a prohibited corporate contribution.

(b) If the discount is greater than is necessary to comply with section 253.041(b) of the Election Code, the discount is a prohibited corporate contribution if the discount is not otherwise authorized by this chapter.

§24.17. Corporate Expenditures for Get-Out-the-Vote Campaigns Permitted

(a) An expenditure to finance a voter registration or get-out-the-vote drive is not a political expenditure if the drive encourages voting in general but does not encourage voting for or against a measure, candidate, officeholder, or political party.

(b) A corporation or labor organization is permitted to make an expenditure described in subsection (a) of this section.

(c) A corporate or labor organization expenditure described by subsection (a) of this section is not reportable.

§24.18. Designation of Contribution for Administrative Purposes

Any of the following will serve to designate a corporate expenditure as restricted to the establishment, administration, maintenance, or operation of a general-purpose committee: