Source: http://ecfr.io/Title-11/pt11.1.9037
Timestamp: 2018-07-23 02:29:37
Document Index: 50719013

Matched Legal Cases: ['art 9037', 'art 9037', 'art 9037', 'ART 9037', '§9037', '§9037', '§9037', '§9037']

[11 CFR 9037] Title 11 Part 9037 : Code of Federal Regulations ';
Title 11 Part 9037
Title 11 → Chapter I → Subchapter F → Part 9037
PART 9037—PAYMENTS AND REPORTING
§9037.1 Payments of Presidential primary matching funds.
§9037.2 Equitable distribution of funds.
§9037.3 Deposits of Presidential primary matching funds.
§9037.4 Alphabetized schedules.
Authority: 26 U.S.C. 9037 and 9039(b).
Upon receipt of a written certification from the Commission, but not before the beginning of the matching payment period, the Secretary will promptly transfer the amount certified from the matching payment account to the candidate. A matching fund certification may not result in full payment by the Secretary in the case of a shortfall in the matching payment account. See 26 CFR 702.9037-1 and 702.9037-2.
In making such transfers to candidates of the same political party, the Secretary will seek to achieve an equitable distribution of funds available in the matching payment account, and the Secretary will take into account, in seeking to achieve an equitable distribution of funds available in the matching payment account, the sequence in which such certifications are received. See 26 CFR 702.9037-2(c) regarding partial payments to candidates in the case of a shortfall in the matching payment account.
Upon receipt of any matching funds, the candidate shall deposit the full amount received into a checking account maintained by the candidate's principal campaign committee in the depository designated by the candidate. The account(s) shall be maintained at a State bank, federally chartered depository institution or other depository institution, the deposits of which are insured by the Federal Deposit Insurance Corporation.
[56 FR 35944, July 29, 1991]
[60 FR 31885, June 16, 1995]