§100.33. Personal funds.
11 C.F.R. § 100.33
Personal funds of a candidate means the sum of all of the following:
Assets. Amounts derived from any asset that, under applicable State law, at the time the individual became a candidate, the candidate had legal right of access to or control over, and with respect to which the candidate had—
Legal and rightful title; or
An equitable interest;
Income. Income received during the current election cycle, of the candidate, including:
A salary and other earned income that the candidate earns from bona fide employment;
Income from the candidate's stocks or other investments including interest, dividends, or proceeds from the sale or liquidation of such stocks or investments;
Bequests to the candidate;
Income from trusts established before the beginning of the election cycle;
Income from trusts established by bequest after the beginning of the election cycle of which the candidate is the beneficiary;
Gifts of a personal nature that had been customarily received by the candidate prior to the beginning of the election cycle; and
Proceeds from lotteries and similar legal games of chance; and
Jointly owned assets. Amounts derived from a portion of assets that are owned jointly by the candidate and the candidate's spouse as follows:
The portion of assets that is equal to the candidate's share of the asset under the instrument of conveyance or ownership; provided, however,
If no specific share is indicated by an instrument of conveyance or ownership, the value of one-half of the property.
Notes, amendments, and revision history
Amendments
[73 FR 79601, Dec. 30, 2008]
Authority
Authority: 52 U.S.C. 30101, 30102(g), 30104, 30111(a)(8), and 30114(c).
Source
Source: 45 FR 15094, Mar. 7, 1980, unless otherwise noted.
Amendments
[73 FR 79601, Dec. 30, 2008]