(a)  All campaign funds received and expended by a candidate, office holder, treasurer, or deputy treasurer, subject to the provisions of this chapter, shall be segregated from all other accounts. The candidate or office holder must maintain a separate campaign account, which shall not contain any non-campaign funds, at a financial institution that has a physical branch within this state. The comingling of a candidate’s personal or business funds with campaign funds is expressly prohibited. As used herein, the term “financial institution” includes a bank or a credit union.

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Terms Used In Rhode Island General Laws 17-25-5.2

  • Candidate: means any individual who undertakes any action, whether preliminary or final, which is necessary under the law to qualify for nomination for election or election to public office, and/or any individual who receives a contribution or makes an expenditure, or gives his or her consent for any other person to receive a contribution or make an expenditure, with a view to bringing about his or her nomination or election to any public office, whether or not the specific public office for which he or she will seek nomination or election is known at the time the contribution is received or the expenditure is made and whether or not he or she has announced his or her candidacy or filed a declaration of candidacy at that time. See Rhode Island General Laws 17-25-3
  • State: means state of Rhode Island. See Rhode Island General Laws 17-25-3

(b) Applicability to political action committees.  The provisions of this section shall apply to political action committees, as well as to individual candidates and office holders.

History of Section.
P.L. 2015, ch. 20, § 1; P.L. 2015, ch. 23, § 1.