[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: 11CFR9034.11]

[Page 358]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 9034_ENTITLEMENTS--Table of Contents
 
Sec.  9034.11  Winding down costs.

    (a) Winding down costs. Winding down costs are costs associated with 
the termination of political activity related to a candidate's seeking 
his or her nomination for election, such as the costs of complying with 
the post election requirements of the Federal Election Campaign Act and 
the Presidential Primary Matching Payment Account Act, and other 
necessary administrative costs associated with winding down the 
campaign, including office space rental, staff salaries, and office 
supplies. Winding down costs are qualified campaign expenses.
    (b) Winding down limitation. The total amount of winding down costs 
that may be paid for, in whole or part, with matching funds shall not 
exceed the lesser of:
    (1) 10% of the overall expenditure limitation pursuant to 11 CFR 
9035.1; or
    (2) 10% of the total of:
    (i) The candidate's expenditures subject to the overall expenditure 
limitation as of the candidate's date of ineligibility; plus
    (ii) The candidate's expenses exempt from the expenditure 
limitations as of the candidate's date of ineligibility; except that
    (iii) The winding down limitation shall be no less than $100,000.
    (c) Allocation of primary and general election winding down costs. A 
candidate who runs in both the primary and general election may divide 
winding down expenses between his or her primary and general election 
committees using any reasonable allocation method. An allocation method 
is reasonable if it divides the total winding down costs between the 
primary and general election committees and results in no less than one 
third of total winding down costs allocated to each committee. A 
candidate may demonstrate than an allocation method is reasonable even 
if either the primary or the general election committee is allocated 
less than one third of total winding down costs.
    (d) Primary winding down costs during the general election period. A 
primary election candidate who does not run in the general election may 
receive and use matching funds for these purposes either after he or she 
has notified the Commission in writing of his or her withdrawal from the 
campaign for nomination or after the date of the party's nominating 
convention, if he or she has not withdrawn before the convention. A 
primary election candidate who runs in the general election, regardless 
of whether the candidate receives public funds for the general election, 
must wait until 31 days after the general election before using any 
matching funds for winding down costs related to the primary election. 
No expenses incurred by a primary election candidate who runs in the 
general election prior to 31 days after the general election shall be 
considered primary winding down costs.

[68 FR 47419, Aug. 8, 2003]