Arkansas Administrative Code › Agency 153 - Arkansas Ethics Commission › Rule 153.00.99-004 - Rules on Campaign Finance & Disclosure

Current through Register Vol. 49, No. 6, June, 2024
§ 200
Definitions
(a) "Approved political action committee"
		  means any person who receives contributions from one or more persons in order
		  to make contributions to candidates; does not accept any contribution or
		  cumulative contributions in excess of five thousand dollars ($5000.00) from any
		  person in any calendar year; and has been registered with the Secretary of
		  State pursuant to Ark. Code Ann. §
								7-6-215
		  for at least four (4) continuous months prior to making contributions to
		  candidates. Approved political action committee does not include political
		  parties, the candidate's own campaign committee or an exploratory
		  committee.
(b) "Candidate" means
		  any person who has knowingly and willingly taken affirmative action, including
		  solicitation of funds, for the purpose of seeking nomination for or election to
		  any public office.1
(c) "Contribution" means, whether direct or
		  indirect, advances, deposits, or transfers of funds, contracts, or obligations,
		  whether or not legally enforceable, payments, gifts, subscriptions,
		  assessments, payment for services, dues, advancements, forbearance, loans,
		  pledge or promise of money or anything of value, whether or not legally
		  enforceable, to a candidate, committee, or holder of elective office, made for
		  the purpose of influencing the nomination or election of any candidate;
"Contribution" includes the purchase of tickets for events such
			 as dinners, luncheons, rallies, similar fund raising events; the granting of
			 discounts or rebates by television and radio stations and newspapers not
			 extended on an equal basis to all candidates for the same office; and any
			 payments for the services of any person serving as an agent of a candidate or
			 committee by a person other than the candidate or committee or persons whose
			 expenditures the candidates or committee must report under this subchapter. The
			 term "contribution" further includes any transfer of anything of value received
			 by a committee from another committee; "Contribution" shall not include
			 noncompensated, nonreimbursed, volunteer personal services or
			 travel.2
(d) "Carryover funds" means the amount of
		  campaign funds retained from the last election by the candidate for future use
		  but not to exceed the annual salary, excluding expense allowances, set by
		  Arkansas law for the office sought.3
(e) "Election" means each election to be held
		  to nominate or elect a candidate to any public office, including school
		  elections. For the purposes of these rules , a preferential primary, a runoff,
		  a special and a general election shall each constitute a separate
		  election.4
(f) "Expenditure" means a purchase, payment,
		  distribution, gift, loan or advance of money or anything of value, and a
		  contract, promise, or agreement to make any expenditure, made for the purpose
		  of influencing the nomination or election of any
		  candidate.5
(g) "Exploratory committee" means a person
		  who receives contributions which are held to be transferred to the campaign of
		  a single candidate in an election.
"Exploratory committee" shall not include an organized political
			 party as defined in Ark. Code Ann. §
									7-1-101(1)
			 or the candidate's own campaign committee.6 For a
			 more detailed description of an "exploratory committee" and its duties,
see
§§ 251-252 herein.
(h) "Fair market value" means the price the
		  good or service would bring between a willing seller and a willing buyer in the
		  open market after negotiations.
See
Minerva
		  Enterprises, Inc. v. Howlett
, 308 Ark. 291, 824 S.W.2d 377
		  (1992).
(i) "Financial institution"
		  means any commercial bank, savings and loan, mutual savings bank or savings
		  bank, credit union, insurance company, brokerage house, or any corporation that
		  is in the business of lending money that is subject to state or federal
		  regulation.7
(j) "In-kind contribution" means a
		  contribution of goods, services, or any other thing of value, or its use, other
		  than money and includes an agreement made or other obligation incurred, whether
		  legally enforceable or not, to make such a contribution in the future. The term
		  does not include direct campaign contributions. For a more detailed discussion
		  of in-kind contributions,
see
§ 205 herein.
(k) "Person" means any individual,
		  proprietorship, firm, partnership, joint venture, syndicate, labor union,
		  business trust, company, corporation, association, committee, or any other
		  organization or group of persons acting in concert. It shall also include
		  organized political parties as defined in Ark. Code Ann. §
								7-1-101(1).a
(I) "Political party" means any
		  group of voters which, at the last-preceding general election, polled for its
		  candidate for Governor in the state or nominees for presidential electors at
		  least three percent (3%) of the entire vote cast for the office; or which files
		  with the Secretary of State a petition signed by qualified electors equal in
		  number to at least three percent (3%) of the total vote cast for the Office of
		  Governor or nominees for presidential electors at the last-preceding election,
		  declaring their intention of organizing a political party, the name of which
		  shall be stated in the declaration, and of participating in the next-succeeding
		  general election.
The petition shall be filed with the Secretary of State not later
			 than the first Monday in May before the general election in which the political
			 party filing the petition desires to participate. No group of electors shall
			 assume a name or designation which is so similar, in the opinion of the
			 Secretary of State, to that of an existing political party as to confuse or
			 mislead the voters at an election.
When any political party fails to obtain three percent (3%) of
			 the total votes cast at an election for the Office of Governor or nominees for
			 presidential electors, it shall cease to be a political
			 party.9
(m) "Prohibited political action committee"
		  means any person who receives contributions from one or more persons in order
		  to make contributions to candidates but who does not meet the requirements of
		  an approved political action committee. "Prohibited political action committee"
		  shall not include an organized political party as defined in Ark. Code Ann.
		  §
								7-1-101, the
		  candidate's own campaign committee or an exploratory
		  committee.10
(n) "Public office" means any office created
		  by or under authority of the laws of the State of Arkansas, or of a subdivision
		  thereof, that is filled by the voters, except a federal
		  office.11
(o) "Small donor political action committee"
		  means any person who receives contributions from one or more persons in order
		  to make contributions to candidates; does not accept any contribution or
		  cumulative contributions in excess of twenty five dollars ($25.00) from any
		  individual in any calendar year; and has been registered with the Secretary of
		  State pursuant to Ark. Code Ann. §
								7-6-215
		  prior to making contributions to candidates. Small donor political action
		  committee does not include political parties, the candidate's own campaign
		  committee or an exploratory committee.12
(p) "Surplus campaign funds" means any
		  balance of campaign funds over expenses incurred as of the day of the election
		  except for:
(A) Carryover funds; and
(B) Any funds required to reimburse the
		  candidate for personal funds contributed to the campaign or to repay loans made
		  by financial institutions to the candidate and applied to the
		  campaign.13