15 Del. C. § 8013: Loan documentation [Effective July 1, 2027].
Where this section sits in the code
- Title 15. Elections
- Part VI. Election Campaigns
- Chapter 80. Campaign Contributions and Expenditures
- Subchapter II. Contribution Limits
(a) A loan made to a political committee must be documented by a written record that includes all of the following:
(1) The lender’s name, address, and signature.
(2) A statement of the schedule for repayment of the loan.
(3) A statement of the interest rate of the loan.
(b) A candidate may not charge interest on a loan made by a candidate to the candidate’s own candidate committee.
(c) A political committee shall attach the written record required under subsection (a) of this section to a report required under subchapter IV of this chapter.
(d) The following applies to the proceeds of a loan subject to the requirement of subsection (a) of this section:
(1) The proceeds of the loan must be deposited into the political committee’s designated account within 3 business days of receipt of the proceeds.
(2) The proceeds of the loan must not be held in a candidate’s personal account at a financial institution or in the account of another person.
Collected 2026-09-19T02:14:26Z. Source file · JSON