IC 3-9-3-4: Permitted uses of money contributions

Sec. 4. (a) Money received by a candidate or committee as a contribution may be used only:

(1) to defray any expense reasonably related to the person's or committee's:

(A) campaign for federal, state, legislative, or local office;

(B) continuing political activity; or

(C) activity related to service in an elected office;

(2) to make an expenditure to any national, state, or local committee of any political party or another candidate's committee; or

(3) upon dissolution of a committee, in a manner permitted under IC 3-9-1-12.

(b) Money received by a candidate or committee as a contribution may not be used for primarily personal purposes by the candidate or by any other person except as described in subsection (a).

(c) Money received as a contribution may be invested by a committee in an account with a financial institution, savings association, or credit union, or in any equity account. Any loss resulting from an investment under this subsection must be reported as a committee expenditure. Any gain resulting from an investment under this subsection must be reported as income.