Indiana Code 3-5-2-23. “Expenditure”
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Sec. 23. (a) “Expenditure” means a disbursement (whether characterized as an advance, a deposit, a distribution, a gift, a loan, a payment, a purchase, or a contract or promise to make a disbursement) of property (as defined in IC 35-31.5-2-253) that:
(A) the nomination or election to office of a candidate;
(1) is made for the purpose of influencing:
Terms Used In Indiana Code 3-5-2-23
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) the election of delegates to a state constitutional convention; or
(C) the outcome of a public question; and
(2) is made by:
(A) an individual, except that a contribution made by an individual is not considered to be an expenditure;
(B) a candidate’s committee;
(C) a regular party committee; or
(D) a political action committee.
(b) Whenever funds are transferred from one (1) committee to another, the disbursing committee is considered to be making an expenditure in the amount of the funds transferred.
[Pre-1986 Recodification Citations: 3-4-1-10; 3-4-1-16(b) part; 3-4-1-22 part.]
As added by P.L.5-1986, SEC.1. Amended by P.L.114-2012, SEC.3.