Rule 1-03 Restrictions on Use of Receipts

(a) Restriction on use. In addition to the restriction set forth in Rule 5-03(e)(2) and, except as otherwise provided in subdivision (b):

(1) the candidate may expend, transfer, or use receipts, including those receipts resulting from a sale, lease, or other transfer of assets, only to pay expenses incurred in that election; no receipts, including receipts accepted for another election, if any, deposited in a separate account as provided in Rule 2-06(b), may be expended, transferred, or used for any other purpose until any required repayments to the Fund have been made and any fines or civil penalties assessed pursuant to the Act have been paid;

(2) receipts deposited in an account shall not be used for any purpose other than the election for which that account was established, pursuant to Rule 2-06(b), except as otherwise provided in Rule 2-06(c) for runoff primary election or runoff special election accounts;

(3) after the participant first receives public funds for an election, the principal committee for that election may not make a transfer to a political committee not involved in that election until all unspent campaign funds from that election have been repaid;

(4) after the participant first receives public funds for an election, the principal committee for that election may not make expenditures to pay expenses or debt from a previous election (other than a primary election held in the same calendar year).

(b) Exception. After the first January 11 after an election, a candidate involved in that election may expend, transfer, or use receipts accepted for another election, provided that the receipts have been deposited in and are disbursed from a separate account, as provided in Rule 2-06(b). Funds accepted and separately deposited for the previous election may be transferred to this account only after any required repayments to the Fund have been made and any fines or civil penalties assessed pursuant to the Act have been paid. Contributions and loans accepted for the previous election after such election are subject to Rules 1-04(m) and 1-05(g).