Iowa Administrative Code › Agency 351 - Ethics and Campaign Disclosure Board, Iowa › Chapter 4 - Campaign Disclosure Procedures › Rule 351-4.52 - Corporate Involvement With Political Committee Funds

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Corporate payroll
			 deductions.
For purposes of interpretation of Iowa Code section
			 68A.503,
			 the administrative functions performed by a corporation (profit or nonprofit
			 corporation including, but not limited to, a bank, savings and loan
			 institution, credit union or insurance company) to make payroll deductions for
			 an employee organization's political committee and to transmit the deductions
			 in lump sum to the treasurer of the political committee shall not be a
			 prohibited corporate activity so long as the corporate entity is serving only
			 as a conduit for the contributions.
(2)
Electronic transfer of
			 deposits.
A corporation, financial institution, or insurance company
			 may receive and deposit checks that include both dues and PAC contributions.
			 Contributions for the PAC shall be transferred as soon as possible into the PAC
			 checking account and all disclosure, record-keeping, and record-retention
			 requirements of Iowa Code chapter 68A shall be followed.
(3)
Allowable costs of
			 administration.
For the purposes of interpreting Iowa Code section
			 68A.503(3),
			 which permits an entity otherwise forbidden from contributing to a candidate or
			 a candidate's committee for "financing the administration of a political
			 committee sponsored by that entity," the following are considered to be
			 allowable costs of administration:
a. Full or
			 partial compensation for political committee staff, which may include both
			 wages and benefits.
b. Expenses of
			 transportation and travel incurred by political committee staff; however, this
			 does not include expenses of transportation or travel if provided by a
			 political committee or a staff member to a candidate, nor does this include
			 expenses of meals or events held on behalf of a candidate.
c. Printing and office supplies related to
			 routine office administration so long as the printing and supplies are not used
			 to expressly advocate for or against any candidate.
d. Postage and stationery, including that
			 necessary for mailing contributions to specific candidates. Postage and
			 stationery necessary for distributing political material expressly advocating a
			 specific candidate to persons other than the committee membership are not
			 permitted.
e. Expenses of
			 maintaining committee records and preparing financial disclosure reports,
			 including costs associated with services provided by an accountant or other
			 professional.
f. Promotional
			 materials, such as stickers, pens, and coffee cups, so long as the items
			 promote the political committee itself, but not a specific candidate.
An item which is excluded by this subrule from being an
				allowable cost of administration may still be provided by the committee, so
				long as that cost is paid for from contributions or other sources of funds
				other than the parent entity.
This rule is intended to implement Iowa Code section
				68A.503.