Idaho Code 67-6610B – Retiring Debt
Current as of: 2023 | Check for updates
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(1) If a political committee organized on behalf of a candidate has unpaid debt at the end of the reporting periods specified in section 67-6607, Idaho Code, then the committee may accept additional contributions to retire such unpaid debt, provided the contributions do not exceed the applicable contribution limits prescribed.
(2) For the purposes of this section, "unpaid debt" means any unpaid monetary obligation incurred by the political committee as listed on the reports filed through the postelection report period minus any cash balance reported on the postelection report. Outstanding loans are considered a type of "unpaid debt."
Terms Used In Idaho Code 67-6610B
- Candidate: means an individual who seeks nomination, election, or reelection to public office and who has taken any of the following actions:
Idaho Code 67-6602Contribution: includes any advance, conveyance, forgiveness of indebtedness, deposit, distribution, loan, payment, gift, pledge, subscription or transfer of money or anything of value, and any contract, agreement, promise or other obligation, whether or not legally enforceable, to make a contribution, in support of or in opposition to any candidate, political committee or measure. See Idaho Code 67-6602 Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period. Political committee: means :
Idaho Code 67-6602