34-2503 — ELECTION CAMPAIGN FUND -- DISTRIBUTION

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                                  TITLE  34
                                  ELECTIONS
                                  CHAPTER 25
                            ELECTION CAMPAIGN FUND
    34-2503.  ELECTION CAMPAIGN FUND -- DISTRIBUTION. Each political party,
through its central committee, shall be eligible for payments from the fund in
the following manner:
    (a)  Each party shall receive the amount of the fund which has been
designated by the contributing individuals and credited to the separate
account in the fund maintained for the party.
    (b)  Ninety per cent (90%) of the fund which has not been designated, but
is credited to the general election campaign fund, shall be distributed to the
central committees in proportion to the share of the votes cast for the
candidate of the party for the office of governor in the last election for
governor, provided that no party shall receive more than fifty per cent (50%)
of the fund so distributed. Any portion of the fund not distributed shall
revert to the fund and, together with the ten per cent (10%) reserved, be
distributed in equal portions to all major, minor and new political parties
which have qualified candidates for elective state office for the ballot in
the next general election.
    (c)  The distribution provided by this section shall take place on the
Tuesday succeeding the first Monday of August in each even numbered year.