KRS § 121.172 — KY Code / Title X / Chapter 121 / Section 121.172
121.172 State political party building fund account -- Permitted and prohibited expenditures -- Exclusive designation of contributions -- Information provided to potential contributors -- Separate bank account required -- Reports of contributions and expenditures
Status: in_force

121.172 State political party building fund account -- Permitted and prohibited

expenditures -- Exclusive designation of contributions -- Information provided

to potential contributors -- Separate bank account required -- Reports of

contributions and expenditures.

(1) A state executive committee of a political party may establish a building fund

account. The registry shall promulgate administrative regulations, in accordance

with KRS Chapter 13A, necessary to implement this section.

(2) A building fund account established under this section may be used for expenditures

related to the purchase, construction, maintenance, renovation, and repair of the

state executive committee's main headquarters facility. Permissible expenditures

from a building fund account shall be limited to payments for or purchases of:

(a) Land;

(b) Leases and property taxes;

(c) Appliances and fixtures;

(d) Utilities, pest control, lawn care, security, and trash removal;

(e) Equipment for Internet, telephone, cable or satellite television, or other

communications services;

(f) Building construction, expansion, or renovation;

(g) Major and minor repairs to the state executive committee's main headquarters

facility, including but not limited to the facility's roof, foundation, and

structure, and to the facility's plumbing, HVAC, and electrical systems; and

(h) The services of contractors, subcontractors, and other building design or

construction professionals related to the state executive committee's main

headquarters facility.

(3) A building fund account established under this section shall not be used to advocate

for or against the election or defeat of a clearly identified candidate or a ballot

measure or for issue advocacy.

(4) Prohibited expenditures from a building fund account include:

(a) Money or in-kind contributions to a federal, state, or local candidate or slate of

candidates;

(b) Money or in-kind contributions to a state or local committee; and

(c) Money or in-kind contributions to advocate for or against the election or

defeat of a clearly identified candidate or a ballot measure or for issue

advocacy.

(5) Contributions solicited and accepted by a state executive committee for a building

fund account established under this section shall be designated as being exclusively

for the state executive committee's building fund account.

(6) The state executive committee shall advise all potential contributors to a building

fund account established under this section that funds contributed will be used

exclusively for the building fund account and will not be used to advocate for or

against the election or defeat of a clearly identified candidate or a ballot measure or

for issue advocacy.

(7) For any building fund account established under this section, a state executive

committee shall establish a separate bank account into which all contributions shall

be deposited, and no other contributions shall be commingled with building fund

account contributions.

(8) A state executive committee shall report all contributions to and expenditures from

a building fund account to the Registry of Election Finance on a quarterly basis, as

required by KRS 121.180.