26 U.S.C. § 9037 — Payments to eligible candidates
submitted 52 years ago by Pub. L. 93-443 to r/title-26-INTERNAL-REVENUE-CODE · 189 words · no verdicts yet
This section creates a separate account for presidential primary matching payments. After receiving a Commission certification, the Secretary must promptly transfer the certified amount while seeking an equitable distribution among candidates of the same party.
(a) Establishment of account The Secretary* must maintain in the Presidential Election Campaign Fund* established by section 9006(a), in addition to any account which he maintains under such section, a separate account to be known as the Presidential Primary Matching Payment Account. The Secretary must deposit into the matching payment account, for use by the candidate* of any political party who is eligible to receive payments under section 9033, the amount available after the Secretary determines that amounts for payments under section 9006(c) and for payments under section 9008(i)(2) are available for such payments. (b) Payments from the matching payment account Upon receipt of a certification from the Commission under section 9036, but not before the beginning of the matching payment period, the Secretary must promptly transfer the amount certified by the Commission from the matching payment account to the candidate. In making such transfers to candidates of the same political party, the Secretary must seek to achieve an equitable distribution of funds available under subsection (a), and the Secretary must take into account, in seeking to achieve an equitable distribution, the sequence in which such certifications are received.
The Secretary* shall maintain in the Presidential Election Campaign Fund* established by section 9006(a), in addition to any account which he maintains under such section, a separate account to be known as the Presidential Primary Matching Payment Account. The Secretary shall deposit into the matching payment account, for use by the candidate* of any political party who is eligible to receive payments under section 9033, the amount available after the Secretary determines that amounts for payments under section 9006(c) and for payments under section 9008(i)(2) are available for such payments.
Upon receipt of a certification from the Commission under section 9036, but not before the beginning of the matching payment period, the Secretary shall promptly transfer the amount certified by the Commission from the matching payment account to the candidate. In making such transfers to candidates of the same political party, the Secretary shall seek to achieve an equitable distribution of funds available under subsection (a), and the Secretary shall take into account, in seeking to achieve an equitable distribution, the sequence in which such certifications are received.
Source credit: (Added Pub. L. 93–443, title IV, § 408(c), Oct. 15, 1974, 88 Stat. 1300; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 113–94, § 2(b)(2), Apr. 3, 2014, 128 Stat. 1085.)
- 1974Enacted · Pub. L. 93-443 · 88 Stat. 1300
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1834
- 2014Amended · Pub. L. 113-94 · 128 Stat. 1085
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-443 on 1974-10-15.
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