US Laws, Codes, Statutes & Cases

     10A.12 Political funds. 

    Subdivision 1.    When required.  An association other 
 than a political committee or party unit may not contribute more 
 than $100 in aggregate in any one year to candidates, political 
 committees, or party units or make any approved or independent 
 expenditure or expenditure to promote or defeat a ballot 
 question unless the contribution or expenditure is made from a 
 political fund.  

    Subd. 2.    Commingling prohibited.  The contents of a 
 political fund may not be commingled with other funds or with 
 the personal funds of an officer or member of the fund. 

    Subd. 3.    Treasurer.  An association that has a 
 political fund must elect or appoint a treasurer of the 
 political fund. 

    Subd. 4.    Treasurer vacancy.  A political fund may not 
 accept a contribution or make an expenditure or contribution 
 from the political fund while the office of treasurer of the 
 political fund is vacant. 

    Subd. 5.    Dues or membership fees.  An association 
 may, if not prohibited by other law, deposit in its political 
 fund money derived from dues or membership fees.  Under section 
 10A.20, the treasurer of the fund must disclose the name of any 
 member whose dues, membership fees, and contributions deposited 
 in the political fund together exceed $100 in a year. 

    Subd. 6.    Penalty.  A person who knowingly violates 
 this section is subject to a civil penalty imposed by the board 
 of up to $1,000. 

    HIST: 1974 c 470 s 12; 1978 c 463 s 40-42; 1980 c 587 art 2 s 
 8; 1980 c 607 art 17 s 9; 1987 c 214 s 2; 1999 c 220 s 15,50; 
 2002 c 363 s 12 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.