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Current as of January 01, 2024 | Updated by FindLaw Staff
It is unlawful for a candidate or the candidate's agent to make an expenditure of contributions received, except for the following purposes:
A. expenditures of the campaign;
B. donations to the state general fund;
C. donations to an organization to which a federal income tax deduction would be permitted under Subparagraph (A) of Paragraph (1) of Subsection (b) of Section 170 of the Internal Revenue Code of 1986, as amended;
D. expenditures to eliminate the campaign debt of the candidate for the office sought or expenditures incurred by the candidate when seeking election to another public office;
E. donations to a political committee or to another candidate seeking election to a public office that is subject to the reporting provisions of the School District Campaign Reporting Act or the Campaign Reporting Act; or
F. disbursements to return unused funds pro rata to the contributors if no campaign debt exists.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 1. Elections § 1-22A-10. Campaign funds; limitations on use - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-1-elections/nm-st-sect-1-22a-10/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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