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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (1273905)	10/28/2020 12:26:38 PM
From: Wharf Rat	2 Recommendations Recommended By pocotrader sylvester80 Read Replies (1) \| Respond to of 1583483

No Personal UseAfter all debts are settled, a candidate is not allowed to use the remaining funds for personal uses, which are defined as “a commitment, obligation or expense of any person that would exist irrespective of the candidate’s campaign or responsibilities as a federal officeholder.” In other words, if the expense exists independent of the campaign or being an elected official, campaign funds may not be used. Expenses that are automatically considered personal use include household items, mortgage or rent for a personal residence and salary payments to the candidate's family, unless the family member provides a bona fide service to the campaign and the payment reflects the value for the service in the free market.3? Permissible UsesThe contributions can be used in the following ways: Donations to charities, as long as the candidate does not receive compensation from the organizations and the donation is not used by the charity to benefit the candidate.3?A donation of a maximum of $2,000 to another federal candidate, and donations to state or local candidates (subject to state law).4?Unlimited transfers to a local, state, or national political party committee.5?Transfer to a future election campaign committee of the same candidate.6? For example, Bernie Sanders has transferred $12.7 million from previous campaigns to his 2020 presidential committee.7 ? investopedia.com