(a) Except as provided in subsection (b), property purchased by or contributed to a principal campaign committee with a value of five hundred dollars ($500) or more shall be liquidated at fair market value or donated to a qualified entity pursuant to subsection (a) of Section 17-5-7 not more than 120 days following the election. Any funds generated by the liquidation of the property shall be deposited in the candidate's principal campaign committee account.
(b) Property purchased by or contributed to a principal campaign committee that can be used by the person in the performance of his or her duties of the office he or she was elected to hold need not be liquidated as long as he or she holds office.
Structure Code of Alabama
Chapter 5 - The Fair Campaign Practices Act.
Section 17-5-3 - Political Action Committees; Officers; Accounting and Reporting.
Section 17-5-5.1 - Regulation of Legislative Caucus Organizations.
Section 17-5-6 - Checking Account; Expenditures.
Section 17-5-7 - Use of Excess Moneys Received; Solicitation, etc., of Contributions.
Section 17-5-7.1 - Return or Refund of Contributions.
Section 17-5-7.2 - Disposal of Campaign Property.
Section 17-5-8.1 - Electronic Reporting; Electronic Searchable Database; Rules.
Section 17-5-8.2 - Legislative Findings.
Section 17-5-9 - (Effective August 1, 2023) Filing Procedures.
Section 17-5-10 - (Effective August 1, 2023) Public Inspection of Reports; Date of Receipt.
Section 17-5-11 - (Effective August 1, 2023) Duties of Secretary of State.
Section 17-5-12 - Identification of Paid Advertisements.
Section 17-5-13 - Cards, Pamphlets, Circulars, etc., to Bear Name of Candidate, Committee, Etc.
Section 17-5-17 - Solicitation by Force, Job Discrimination, Threats, etc., Prohibited.
Section 17-5-18 - Failure to File Required Statement or Report.
Section 17-5-19.1 - (Effective August 1, 2023) Civil Penalties.
Section 17-5-19.2 - (Effective August 1, 2023) Administrative Review.
Section 17-5-20 - Appointment of Designated Filing Agents; Submission of Reports.