[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: 11CFR9005.2]

[Page 305]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 9005_CERTIFICATION BY COMMlSSION--Table of Contents
 
Sec.  9005.2  Payments to eligible candidates from the Fund.

    (a) Upon receipt of a certification from the Commission under 11 CFR 
9005.1 for payment to the eligible Presidential and Vice Presidential 
candidates of a political party, the Secretary shall pay to such 
candidates out of the Fund the amount certified by the Commission. 
Amounts paid to a candidate shall be under the control of that 
candidate.
    (b)(1) If at the time of a certification from the Commission under 
11 CFR 9005.1, the Secretary determines that the monies in the Fund are 
not, or may not be, sufficient to satisfy the full entitlements of the 
eligible candidates of all political parties, he or she shall withhold 
an amount which is determined to be necessary to assure that the 
eligible candidates of each political party will receive their pro rata 
share.
    (2) Amounts withheld under 11 CFR 9005.2(b)(1) shall be paid when 
the Secretary determines that there are sufficient monies in the Fund to 
pay such amounts, or pro rata portions thereof, to all eligible 
candidates from whom amounts have been withheld.
    (c) Payments received from the Fund by a major party candidate shall 
be deposited in a separate account maintained by his or her authorized 
committee, unless there is a deficiency in the Fund as provided under 11 
CFR 9005.2(b)(1). In the case of a deficiency, the candidate may 
establish a separate account for payments from the Fund or may deposit 
such payments with contributions received pursuant to 11 CFR 9003.3(b). 
The account(s) shall be maintained at a State bank, federally chartered 
depository institution or other depository institution, the deposits or 
accounts of which are insured by the Federal Deposit Insurance 
Corporation.
    (d) No funds other than the payments received from the Treasury, 
reimbursements, or income generated through use of public funds in 
accordance with 11 CFR 9004.5, shall be deposited in the account 
described in 11 CFR 9005.2(c). ``Reimbursements'' shall include, but are 
not limited to, refunds of deposits, vendor refunds, reimbursements for 
travel expenses under 11 CFR 9004.6 and 9004.7 and reimbursements for 
legal and accounting costs under 11 CFR 9003.3(a)(2)(ii)(B).