2009 Iowa Code
Title 2 - Elections and Official Duties
Subtitle 2 - Public Officers and Employees
CHAPTER 68A - CAMPAIGN FINANCE
68A.304 - CAMPAIGN PROPERTY.

        68A.304  CAMPAIGN PROPERTY.
         1. a.  Equipment, supplies, or other materials purchased with
      campaign funds or received in-kind are campaign property.
         b.  Campaign property belongs to the candidate's committee and
      not to the candidate.
         c.  Campaign property that has a value of five hundred dollars
      or more at the time it is acquired by the committee shall be
      separately disclosed as committee inventory on reports filed pursuant
      to section 68A.402, including a declaration of the approximate
      current value of the property.  The campaign property shall continue
      to be reported as committee inventory until it is disposed of by the
      committee or until the property has been reported once as having a
      residual value of less than one hundred dollars.
         d.  Consumable campaign property is not required to be
      reported as committee inventory, regardless of the initial value of
      the consumable campaign property.  "Consumable campaign
      property", for purposes of this section, means stationery, campaign
      signs, and other campaign materials that have been permanently
      imprinted to be specific to a candidate or election.
         2.  Upon dissolution of the candidate's committee, a report
      accounting for the disposition of all items of campaign property,
      excluding consumable campaign property, having a residual value of
      one hundred dollars or more shall be filed with the board.  Campaign
      property, excluding consumable campaign property, having a residual
      value of one hundred dollars or more shall be disposed of by one of
      the following methods:
         a.  Sale of the property at fair market value, in which case
      the proceeds shall be treated the same as other campaign funds.
         b.  Donation of the property under one of the options for
      transferring campaign funds set forth in section 68A.303.
         3.  Consumable campaign property may be disposed of in any manner
      by the candidate's committee.  A candidate's committee shall not
      transfer consumable campaign property to another candidate without
      receiving fair market value compensation unless the candidate in both
      campaigns is the same person.  

         91 Acts, ch 226, § 12
         CS91, §56.43
         93 Acts, ch 163, § 38; 95 Acts, ch 198, §17; 2003 Acts, ch 40, §8,
      9
         CS2003, § 68A.304
         2005 Acts, ch 72, §6, 7
         Referred to in § 68A.402A