[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR116.10]

[Page 244]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 116_DEBTS OWED BY CANDIDATES AND POLITICAL COMMITTEES--Table of Contents
 
Sec.  116.10  Disputed debts.

    (a) Reporting disputed debts. A political committee shall report a 
disputed debt in accordance with 11 CFR 104.3(d) and 104.11 if the 
creditor has provided something of value to the political committee. 
Until the dispute is resolved, the political committee shall disclose on 
the appropriate reports any amounts paid to the creditor, any amount the 
political committee admits it owes and the amount the creditor claims is 
owed. The political committee may also note on the appropriate reports 
that the disclosure of the disputed debt does not constitute an 
admission of liability or a waiver of any claims the political committee 
may have against the creditor. (See also 11 CFR 9035.1(a)(2) regarding 
the effect of disputed debts on a candidate's expenditure limitations 
under 11 CFR part 9035.)
    (b) Disputed debts owed by terminating committees. If a terminating 
committee and a creditor have been unable to resolve a disputed debt, 
and the terminating committee files a debt settlement plan covering 
other debts or other creditors, the terminating committee shall include 
in the debt settlement plan a brief description as to the nature of the 
dispute and the status of the terminating committee's efforts to resolve 
the dispute. The debt settlement plan need not include a signed 
affidavit from the creditor involved in the dispute pursuant to 11 CFR 
116.7(e)(2).