KRS § 121.172 State political party building fund account -- Permitted and prohibited expenditures -- Exclusive designation of contributions -- Information provided to potential contributors -- Separate bank account required -- Reports of contributions and expenditures.
AI-assisted research summary: A state executive committee may set up a building fund account, but the account is tightly limited to building-related spending and cannot be used for campaign advocacy.
121.172 State political party building fund account -- Permitted and prohibited expenditures -- Exclusive designation of contributions -- Information provided to potential contributors -- Separate bank account required -- Reports of contributions and expenditures. (1) A state executive committee of a political party may establish a building fund account. The registry shall promulgate administrative regulations, in accordance with KRS Chapter 13A, necessary to implement this section. (2) A building fund account established under this section may be used for expenditures related to the purchase, construction, maintenance, renovation, and repair of the state executive committee's main headquarters facility. Permissible expenditures from a building fund account shall be limited to payments for or purchases of: (a) Land; (b) Leases and property taxes; (c) Appliances and fixtures; (d) Utilities, pest control, lawn care, security, and trash removal; (e) Equipment for Internet, telephone, cable or satellite television, or other communications services; (f) Building construction, expansion, or renovation; (g) Major and minor repairs to the state executive committee's main headquarters facility, including but not limited to the facility's roof, foundation, and structure, and to the facility's plumbing, HVAC, and electrical systems; and (h) The services of contractors, subcontractors, and other building design or construction professionals related to the state executive committee's main headquarters facility. (3) A building fund account established under this section shall not be used to advocate for or against the election or defeat of a clearly identified candidate or a ballot measure or for issue advocacy. (4) Prohibited expenditures from a building fund account include: (a) Money or in-kind contributions to a federal, state, or local candidate or slate of candidates; (b) Money or in-kind contributions to a state or local committee; and (c) Money or in-kind contributions to advocate for or against the election or defeat of a clearly identified candidate or a ballot measure or for issue advocacy. (5) Contributions solicited and accepted by a state executive committee for a building fund account established under this section shall be designated as being exclusively for the state executive committee's building fund account. (6) The state executive committee shall advise all potential contributors to a building fund account established under this section that funds contributed will be used exclusively for the building fund account and will not be used to advocate for or against the election or defeat of a clearly identified candidate or a ballot measure or for issue advocacy. (7) For any building fund account established under this section, a state executive committee shall establish a separate bank account into which all contributions shall be deposited, and no other contributions shall be commingled with building fund account contributions. (8) A state executive committee shall report all contributions to and expenditures from a building fund account to the Registry of Election Finance on a quarterly basis, as required by KRS 121.180. Effective: June 29, 2017 History: Created 2017 Ky. Acts ch. 122, sec. 4, effective June 29, 2017.