68A.304 Campaign property.
1. a. Equipment, supplies, or other materials purchased with campaign funds or received in-kind are campaign property.
b. Campaign property belongs to the candidate’s committee and not to the candidate.
c. Campaign property that has a value of five hundred dollars or more at the time it is acquired by the committee shall be separately disclosed as committee inventory on reports filed pursuant to section 68A.402, including a declaration of the approximate current value of the property. The campaign property shall continue to be reported as committee inventory until it is disposed of by the committee or until the property has been reported once as having a residual value of less than one hundred dollars.
d. Consumable campaign property is not required to be reported as committee inventory, regardless of the initial value of the consumable campaign property. “Consumable campaign property”, for purposes of this section, means stationery, campaign signs, and other campaign materials that have been permanently imprinted to be specific to a candidate or election.
2. Upon dissolution of the candidate’s committee, a report accounting for the disposition of all items of campaign property, excluding consumable campaign property, having a residual value of one hundred dollars or more shall be filed with the board. Campaign property, excluding consumable campaign property, having a residual value of one hundred dollars or more shall be disposed of by one of the following methods:
a. Sale of the property at fair market value, in which case the proceeds shall be treated the same as other campaign funds.
b. Donation of the property under one of the options for transferring campaign funds set forth in section 68A.303.
3. Consumable campaign property may be disposed of in any manner by the candidate’s committee. A candidate’s committee shall not transfer consumable campaign property to another candidate without receiving fair market value compensation unless the candidate in both campaigns is the same person.
4. The board shall adopt rules pursuant to chapter 17A defining “fair market value” for purposes of this section.
91 Acts, ch 226, §12
CS91, §56.43
93 Acts, ch 163, §38; 95 Acts, ch 198, §17; 2003 Acts, ch 40, §8, 9
CS2003, §68A.304
2005 Acts, ch 72, §6, 7; 2010 Acts, ch 1025, §4
Referred to in §68A.402A
Structure Iowa Code
Title II - ELECTIONS AND OFFICIAL DUTIES
Chapter 68A - CAMPAIGN FINANCE
Section 68A.101 - Citation and administration.
Section 68A.102 - Definitions.
Section 68A.103 - Applicability to federal candidates.
Section 68A.104 - Certain accounts by officeholders prohibited.
Section 68A.201 - Organization statement.
Section 68A.201A - Contributions from federal and out-of-state committees or organizations.
Section 68A.202 - Candidate’s committee.
Section 68A.203 - Committee treasurer and chairperson — duties.
Section 68A.301 - Campaign funds.
Section 68A.302 - Uses of campaign funds.
Section 68A.303 - Transfer of campaign funds.
Section 68A.304 - Campaign property.
Section 68A.401 - Reports filed with board.
Section 68A.401A - Reporting of contributions and expenditures relating to issue advocacy.
Section 68A.402A - Information disclosed on reports.
Section 68A.402B - Committee dissolution — inactivity — reports.
Section 68A.403 - Reports preserved.
Section 68A.404 - Independent expenditures.
Section 68A.405 - Attribution statement on published material.
Section 68A.405A - Self-promotion with taxpayer funds prohibited.
Section 68A.406 - Campaign signs — yard signs.
Section 68A.501 - Funds from unknown source — escheat.
Section 68A.504 - Prohibiting contributions during the legislative session.
Section 68A.505 - Use of public moneys for political purposes.
Section 68A.506 - Use of false caller identification for campaign purposes prohibited.
Section 68A.601 - Checkoff — income tax.
Section 68A.602 - Fund created.
Section 68A.603 - Rules promulgated.
Section 68A.605 - Distribution of campaign fund — restrictions on use.
Section 68A.606 - Funds — campaign expenses only.
Section 68A.607 - Reversion of funds.