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Delaware · Through 2026-08-27 (85 Del. Laws, c. 453, 455-458, 460)

15 Del. C. § 8013: Loan documentation [Effective July 1, 2027].

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Where this section sits in the code
  1. Title 15. Elections
  2. Part VI. Election Campaigns
  3. Chapter 80. Campaign Contributions and Expenditures
  4. 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

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