18530.1. Use of Funds Raised Prior to January 1, 1997

(a) Contributions deposited in a controlled committee prior to January 1, 1997, are not subject to the California Political Reform Act of 1996, if those funds are held in a controlled committee that was established pursuant to Section 84101 prior to January 1, 1997. Such funds become subject to the California Political Reform Act of 1996 after they are:

(1) Transferred to, or held in, a committee formed after January 1, 1997, pursuant to Government Code Sections 85200 and 85201, and designated for an election to be held after January 1, 1997.

(2) Transferred to, or held in, an officeholder account formed after January 1, 1997, pursuant to Government Code Section 85313.

(b) The contributions described in subdivision (a) include any equipment, assets, campaign debt as defined in 2 Cal. Code of Regs., Section 18530.7, or other nonmonetary items, and may be used for any purpose permitted in Government Code Sections 89510-89518, inclusive. Such funds may not be used for political fundraising activity in violation of Government Code Section 85305. Such funds may not be transferred to other candidates or their controlled committees in violation of Government Code Section 85306.

(c) Surplus funds shall be subject to 2 Cal. Code of Regs. Section 18519.4.

(d) The effective date of this regulation shall be January 1, 1997.

NOTE: On January 6, 1998, the federal court in Sacramento enjoined enforcement of Proposition 208. Until further notice, this regulation should not be used since it implements enjoined provisions of Proposition 208.

Note: Authority: Section 83112, Gov. Code. Reference: Section 49, California Political Reform Act of 1996

History

1. New section filed 1-6-97 as an emergency; operative 1-6-97.
2. Editorial correction of History 1.
3. Section refiled as a permanent regulation 6-17-97; operative 6-17-97.
4. Change without regulatory effect adding explanatory Note filed 7-18-2000.
5. Repeal filed 5-4-2001; operative 6-3-2001.