[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR9034.9]

[Page 352]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 9034_ENTITLEMENTS--Table of Contents
 
Sec.  9034.9  Sale of assets acquired for fundraising purposes.

    (a) General. A candidate may sell assets donated to the candidate's 
authorized committee(s) or otherwise acquired for fundraising purposes 
(See 11 CFR 9034.5(c)(2)), subject to the limitations and prohibitions 
of title 2, United States Code and 11 CFR parts 110 and 114.
    (b) Sale after end of matching payment period. A candidate whose 
outstanding debts exceed his or her cash on hand after the end of the 
matching payment period as determined under 11 CFR 9032.6 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.