Section 1.75. Purchase of capital assets by campaign registrants.

 

(1)  In this section:

(a) "Capital asset" means any asset, purchased by, or contributed to, a campaign committee, which has a useful life greater than the campaign period in which the asset was purchased, received or otherwise acquired.

(b) "Non-political use" means any usage, by a registrant, for purposes other than those specified in s. 11.01 (16) , Stats.

(c) "Political purposes" has the meaning provided in s. 11.01 (16) , Stats.

(d) "Registrant" has the same meaning as provided in s. 11.01 (18m) , Stats.

(2)  No capital asset may be purchased with campaign funds by a registrant unless the asset will be used principally for political purposes.

(3)  Any non-political use of a capital asset purchased with campaign funds shall be incidental.

(4)  A capital asset purchased and owned by an individual for personal use may be leased by a campaign registrant for use for political purposes only.

(5)  Any rent or reimbursement paid for the use of a capital asset, by a registrant, shall be comparable to the commercial rate paid for the lease or rent of a similar item.

(6)  The cost of materials, supplies or other expenses incurred in the use of a capital asset for political purposes may be paid with campaign funds by a registrant.

(7)  If campaign funds are used by a registrant to pay for the lease and service of a capital asset, the terms of the lease or other rental agreement, including those of a service or maintenance contract, shall be in writing.

History: Cr. Register, January, 1992, No. 433 , eff. 2-1-92.

Note

This section has been reviewed pursuant to 2015 Wisconsin Act 117 , Section 79 (1) , and determined to be inconsistent with Act 117 and, therefore, unenforceable. Microsoft Windows NT 6.1.7601 Service Pack 1