Oregon Statutes 260.056 – Written loan agreements
(1) A loan made by or to a candidate, political committee or petition committee must be by written agreement.
Terms Used In Oregon Statutes 260.056
- Petition committee: means an initiative, referendum or recall petition committee organized under ORS § 260. See Oregon Statutes 260.005
- Political committee: means a combination of two or more individuals, or a person other than an individual, that has:
(a) Received a contribution for the purpose of supporting or opposing a candidate, measure or political party; or
(b) Made an expenditure for the purpose of supporting or opposing a candidate, measure or political party. See Oregon Statutes 260.005
(2) A candidate, political committee or petition committee shall keep a copy of any written loan agreement with the detailed accounts of the candidate or committee required under ORS § 260.055.
(3) Notwithstanding ORS § 260.055, a candidate, political committee or petition committee shall preserve a written loan agreement for at least two years after the statement of the loan is filed under ORS § 260.057 or until the loan is repaid, whichever is later. [2005 c.809 § 19; 2009 c.818 § 27; 2011 c.652 § 8]
(Statements of Contributions and Expenditures)