[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2009]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR300.12]

[Page 258-259]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 300_NON-FEDERAL FUNDS--Table of Contents
 
                   Subpart A_National Party Committees
 
Sec. 300.12  Transition rules.

    (a) Permissible uses of excess non-Federal funds. Non-Federal funds 
received before November 6, 2002, by a national committee of a political 
party, including a national congressional campaign committee, and in its 
possession on that date, must be used before January 1, 2003. Subject to 
the restrictions in paragraph (b) of this section, such funds may be 
used solely as follows:
    (1) To retire outstanding debts or obligations that were incurred 
solely in connection with an election held prior to November 6, 2002; or
    (2) To pay expenses, retire outstanding debts, or pay for 
obligations incurred solely in connection with any run-off election, 
recount, or election contest resulting from an election held prior to 
November 6, 2002.
    (b) Prohibited uses of non-Federal funds. Non-Federal funds received 
by a national committee of a political party, including a national 
congressional campaign committee, before November 6, 2002, and in its 
possession on that date, may not be used for the following purposes:
    (1) To pay any expenditure as defined in 2 U.S.C. 431(9);
    (2) To retire outstanding debts or obligations that were incurred 
for any expenditure; or
    (3) To defray the costs of the construction or purchase of any 
office building or facility.
    (c) Any non-Federal funds remaining after payment of debts and 
obligations permitted in paragraph (a) of this section must be either 
disgorged to the United States Treasury, or returned by check to the 
donors, no later than December 31, 2002. Any refund checks not cashed by 
February 28, 2003 must be disgorged to the United States Treasury by 
March 31, 2003.
    (d) National party committee office building or facility accounts. 
Before November 6, 2002, a national committee of a political party, 
including a national congressional campaign committee, may accept funds 
into its party office building or facility account, established pursuant 
to repealed 2 U.S.C. 431(8)(B)(viii), and may use the funds in the 
account only for the construction or purchase of an office building or 
facility. After November 5, 2002, the national party committees may no 
longer accept funds into such an account and must not use such funds for 
the purchase or construction of any office building or facility. Funds 
on deposit in any party office building or facility account on November 
6, 2002, must be either disgorged to the United States Treasury or 
returned by check to the donors no later than December 31, 2002. Any 
refund checks not cashed by February 28, 2003 must be disgorged to the 
United States Treasury by March 31, 2003.

[[Page 259]]

    (e) Application. This section also applies to:
    (1) An officer or agent acting on behalf of a national party 
committee or a national congressional campaign committee; and
    (2) An entity that is directly or indirectly established, financed, 
maintained, or controlled by a national party committee or a national 
congressional campaign committee.
    (f) Treatment of Federal and non-Federal accounts during transition 
period. The following provisions applicable to the allocation of, and 
payment for, expenses between Federal and non-Federal accounts of 
national party committees shall remain in effect between November 6 and 
December 31, 2002: 11 CFR 106.5(a),(b), (c), (f) and (g).