RCW 42.17A.220
Deposit of contributions—Investment—Unidentified contributions.
(1) All monetary contributions received by a candidate or political committee shall be deposited by candidates, political committee members, paid staff, or treasurers in a depository in an account established and designated for that purpose. Such deposits shall be made within five business days of receipt of the contribution. For online or credit card contributions, the contribution is considered received at the time the transfer is made from the merchant account to a candidate or political committee account, except that a contribution made to a candidate who is a state official or legislator outside the restriction period established in RCW 42.17A.560, but transferred to the candidate's account within the restricted period, is considered received outside of the restriction period.
(2) Political committees that support or oppose more than one candidate or ballot proposition, or exist for more than one purpose, may maintain multiple separate bank accounts within the same designated depository for such purpose only if:
(a) Each such account bears the same name;
(b) Each such account is followed by an appropriate designation that accurately identifies its separate purpose; and
(c) Transfers of funds that must be reported under *RCW 42.17A.240(5) are not made from more than one such account.
(3) Nothing in this section prohibits a candidate or political committee from investing funds on hand in a depository in bonds, certificates, or tax-exempt securities, or in savings accounts or other similar instruments in financial institutions, or in mutual funds other than the depository but only if:
(a) The commission is notified in writing of the initiation and the termination of the investment; and
(b) The principal of such investment, when terminated together with all interest, dividends, and income derived from the investment, is deposited in the depository in the account from which the investment was made and properly reported to the commission before any further disposition or expenditure.
(4) Accumulated unidentified contributions, other than those made by persons whose names must be maintained on a separate and private list by a political committee's treasurer pursuant to RCW 42.17A.240(2), in excess of one percent of the total accumulated contributions received in the current calendar year, or three hundred dollars, whichever is more, may not be deposited, used, or expended, but shall be returned to the donor if his or her identity can be ascertained. If the donor cannot be ascertained, the contribution shall escheat to the state and shall be paid to the state treasurer for deposit in the state general fund.
[ 2018 c 304 § 5. Prior: 2010 c 205 § 3; 2010 c 204 § 405; 1989 c 280 § 4; 1987 c 268 § 1; 1985 c 367 § 4; 1982 c 147 § 3; 1977 ex.s. c 313 § 3; 1975 1st ex.s. c 294 § 4; 1973 c 1 § 6 (Initiative Measure No. 276, approved November 7, 1972). Formerly RCW 42.17.060.]
NOTES:
*Reviser's note: RCW 42.17A.240 was amended by 2020 c 152 § 3, changing subsection (5) to subsection (6).
Finding—Intent—2018 c 304: See note following RCW 42.17A.235.
Effective date—1989 c 280: See note following RCW 42.17A.005.
Effective date—Severability—1977 ex.s. c 313: See notes following RCW 42.17A.005.
Structure Revised Code of Washington
Title 42 - Public Officers and Agencies
Chapter 42.17A - Campaign Disclosure and Contribution.
42.17A.001 - Declaration of policy.
42.17A.010 - Conservation district exception.
42.17A.020 - Statements and reports public records.
42.17A.055 - Electronic filing—Availability.
42.17A.060 - Access to reports—Legislative intent.
42.17A.065 - Access performance measures.
42.17A.105 - Commission—Duties.
42.17A.110 - Commission—Additional powers.
42.17A.120 - Suspension or modification of reporting requirements.
42.17A.125 - Revising monetary contribution limits, reporting thresholds, and code values.
42.17A.130 - Duties of attorney general.
42.17A.135 - Application of reporting requirements in small political subdivisions.
42.17A.140 - Date of receipt—Exceptions—Electronic filings.
42.17A.145 - Certification of reports.
42.17A.150 - Duty to preserve statements and reports.
42.17A.200 - Application of chapter—Exceptions.
42.17A.205 - Statement of organization by political committees.
42.17A.207 - Statement of organization by incidental committees.
42.17A.220 - Deposit of contributions—Investment—Unidentified contributions.
42.17A.225 - Filing and reporting by continuing political committee.
42.17A.230 - Fund-raising activities—Alternative reporting method.
42.17A.235 - Reporting of contributions and expenditures—Public inspection of accounts.
42.17A.240 - Contents of report.
42.17A.250 - Out-of-state political committees—Reports.
42.17A.255 - Special reports—Independent expenditures.
42.17A.260 - Special reports—Political advertising.
42.17A.270 - Earmarked contributions.
42.17A.300 - Findings—Intent—Rule-making authority.
42.17A.305 - Report—Information required—Time—Method—By whom—Penalty.
42.17A.310 - When a contribution.
42.17A.320 - Identification of sponsor—Exemptions.
42.17A.330 - Picture of candidate.
42.17A.335 - Political advertising or electioneering communication—Libel or defamation per se.
42.17A.340 - Responsibility for compliance.
42.17A.345 - Commercial advertisers—Public inspection of documents—Copies to commission.
42.17A.350 - Top five contributors to political advertisement.
42.17A.405 - Limits specified—Exemptions.
42.17A.417 - Foreign nationals—Contributions, expenditures, and electioneering prohibited.
42.17A.418 - Foreign nationals—Contribution certification.
42.17A.420 - Reportable contributions—Preelection limitations.
42.17A.425 - Expenditures—Authorization of and restrictions on.
42.17A.430 - Disposal of surplus funds.
42.17A.435 - Identification of contributions and communications.
42.17A.440 - Candidates' political committees—Limitations.
42.17A.442 - Contributions by political committees to political committees.
42.17A.445 - Personal use of contributions—When permitted.
42.17A.450 - Attribution and aggregation of family contributions.
42.17A.455 - Attribution of contributions by controlled entities.
42.17A.460 - Attribution of contributions generally—"Earmarking."
42.17A.465 - Restriction on loans.
42.17A.470 - Contributions on behalf of another.
42.17A.475 - Certain contributions required to be by written instrument.
42.17A.480 - Solicitation of endorsement fees.
42.17A.485 - Reimbursement for contributions.
42.17A.490 - Prohibition on use of contributions for a different office.
42.17A.495 - Limitations on employers or labor organizations.
42.17A.500 - Agency shop fees as contributions.
42.17A.550 - Use of public funds for political purposes.
42.17A.555 - Use of public office or agency facilities in campaigns—Prohibition—Exceptions.
42.17A.560 - Time limit for state official to solicit or accept contributions.
42.17A.565 - Solicitation of contributions by public officials or employees.
42.17A.575 - Public service announcements.
42.17A.600 - Registration of lobbyists.
42.17A.603 - Code of conduct—Verification—Penalty.
42.17A.605 - Photograph and information—Publication.
42.17A.610 - Exemption from registration and reporting.
42.17A.615 - Reporting by lobbyists—Rules.
42.17A.620 - Notification to person named in report.
42.17A.625 - Special reports—Lobbyists—Late contributions or large totals.
42.17A.630 - Reports by employers of registered lobbyists, other persons.
42.17A.640 - Grass roots lobbying campaigns.
42.17A.650 - Employment of unregistered persons.
42.17A.655 - Lobbyists' duties, restrictions—Penalties for violations.
42.17A.705 - "Executive state officer" defined.
42.17A.710 - Statement of financial affairs—Contents.
42.17A.715 - Concealing identity of source of payment prohibited—Exception.
42.17A.750 - Civil remedies and sanctions—Referral for criminal prosecution.
42.17A.755 - Violations—Determination by commission—Penalties—Procedure.
42.17A.765 - Enforcement—Attorney general.
42.17A.770 - Limitation on actions.
42.17A.775 - Citizen's action.
42.17A.780 - Damages, costs, and attorneys' fees—Joint and several liability.
42.17A.785 - Public disclosure transparency account.
42.17A.900 - Effective date—1973 c 1.
42.17A.904 - Construction—1973 c 1.
42.17A.905 - Chapter, section headings not part of law.
42.17A.906 - Repealer—1973 c 1.
42.17A.907 - Construction—1975-'76 2nd ex.s. c 112.
42.17A.909 - Short title—1993 c 2.
42.17A.910 - Effective date—1995 c 397.
42.17A.911 - Captions—1995 c 397.
42.17A.915 - Effective dates—2005 c 445.
42.17A.917 - Effective date—2010 c 204 §§ 505, 602, and 703.
42.17A.918 - Effective date—2010 c 204.