2017 Oklahoma Statutes
Title 74E. Ethics Rules
Rule 2.48. Candidate Committee Surplus Funds.
Surplus funds of a candidate committee are those funds not otherwise obligated following the election at which the office for which the candidate committee was formed has been determined which, in the candidate’s discretion, are not required to be used for campaign expenses or officeholder expenses. Such surplus funds may be:
(A) Retained in any amount for use in a future campaign for the next succeeding term for the same office;
(B) Retained for a future campaign for a different state elective office, excluding a judicial office;
(C) Donated to a charitable organization as described in Section 501(c)(3) of Title 26 of the United States Code as it currently exists or as it may be amended;
(D) Returned to any contributor, as long as the amount returned does not exceed the contributor’s aggregate contribution during the immediately preceding primary, runoff primary and general elections; or
(E) Contributed to a political party committee in any amount not to exceed Twenty-five Thousand Dollars ($25,000.00) in the aggregate.
Any surplus funds remaining in the candidate committee’s possession within ninety (90) days after the expiration of the term to which the candidate was elected or, for candidates who were not elected, within ninety (90) days after the second year following the general election, shall be deposited in the general revenue fund of the state.
Promulgated by Ethics Commission January 10, 2014; effective upon Legislature’s sine die adjournment May 23, 2014; operative January 1, 2015.
