[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR9004.10]

[Page 222]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 9004--ENTITLEMENT OF ELIGIBLE CANDIDATES TO PAYMENTS; USE OF PAYMENTS--Table of Contents
 
Sec. 9004.10  Sale of assets acquired for fundraising purposes.

    (a) General. A minor or new party candidate may sell assets donated 
to the candidate's authorized committee(s) or otherwise acquired for 
fundraising purposes subject to the limitations and prohibitions of 11 
CFR 9003.2, title 2, United States Code, and 11 CFR parts 110 and 114. 
This section will only apply to major party candidates to the extent 
that they sell assets acquired either for fundraising purposes in 
connection with his or her legal and accounting compliance fund or when 
it is necessary to make up any deficiency in payments received from the 
Fund due to the application of 11 CFR 9005.2(b).
    (b) Sale after end of expenditure report period. A minor or new 
party candidate, or a major party candidate in the event of a deficiency 
in the payments received from the Fund due to the application of 11 CFR 
9005.2(b), whose outstanding debts exceed the cash on hand after the end 
of the expenditure report period as determined under 11 CFR 9002.12, may 
dispose of assets acquired for fundraising purposes in a sale to a 
wholesaler or other intermediary who will in turn sell such assets to 
the public provided that the sale to the wholesaler or intermediary is 
an arms-length transaction. Sales made under this subsection will not be 
subject to the limitations and prohibitions of title 2, United States 
Code and 11 CFR parts 110 and 114.