New Mexico Statutes
Article 22A - School District Campaign Reporting
Section 1-22A-10 - Campaign funds; limitations on use.

It is unlawful for a candidate or the candidate's agent to make an expenditure of contributions received, except for the following purposes:
A. expenditures of the campaign;
B. donations to the state general fund;
C. donations to an organization to which a federal income tax deduction would be permitted under Subparagraph (A) of Paragraph (1) of Subsection (b) of Section 170 of the Internal Revenue Code of 1986, as amended;
D. expenditures to eliminate the campaign debt of the candidate for the office sought or expenditures incurred by the candidate when seeking election to another public office;
E. donations to a political committee or to another candidate seeking election to a public office that is subject to the reporting provisions of the School District Campaign Reporting Act or the Campaign Reporting Act [1-19-25 to 1-19-36 NMSA 1978]; or
F. disbursements to return unused funds pro rata to the contributors if no campaign debt exists.
History: Laws 2013, ch. 180, § 10.
Cross references. — For Section 170 of the Internal Revenue Code of 1986, see 26 U.S.C. § 170.
Effective dates. — Laws 2013, ch. 180, § 11 made the School District Campaign Reporting Act effective July 1, 2013.

Structure New Mexico Statutes