[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: 11CFR9035.2]

[Page 355]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 9035_EXPENDITURE LIMITATIONS--Table of Contents
 
Sec.  9035.2  Limitation on expenditures from personal or family funds.

    (a)(1) No candidate who has accepted matching funds shall knowingly 
make expenditures from his or her personal funds, or funds of his or her 
immediate family, in connection with his or her campaign for nomination 
for election to the office of President which exceed $50,000, in the 
aggregate. This section shall not operate to prohibit any member of the 
candidate's immediate family from contributing his or her personal funds 
to the candidate, subject to the limitations of 11 CFR part 110. The 
provisions of this section also shall not limit the candidate's 
liability for, nor the candidate's ability to pay, any repayments 
required under 11 CFR part 9038. If the candidate or his or her 
committee knowingly incurs expenditures in excess of the limitations of 
11 CFR 110.8(a), the Commission may seek civil penalties under 11 CFR 
part 111 in addition to any repayment determinations made on the basis 
of such excessive expenditures.
    (2) Expenditures made using a credit card for which the candidate is 
jointly or solely liable will count against the limits of this section 
to the extent that the full amount due, including any finance charge, is 
not paid by the committee within 60 days after the closing date of the 
billing statement on which the charges first appear. For purposes of 
this section, the closing date shall be the date indicated on the 
billing statement which serves as the cutoff date for determining which 
charges are included on that billing statement.
    (b) For purposes of this section, the term immediate family means a 
candidate, spouse, and any child, parent, grandparent, brother, half-
brother, sister, or half-sister of the candidate, and the spouses of 
such persons.
    (c) For purposes of this section, personal funds has the same 
meaning as specified in 11 CFR 9003.2.

[56 FR 35491, July 29, 1991, as amended at 68 FR 4002, Jan. 27, 2003]