§ Ethics Rule 2.48Candidate Committee Surplus Funds

Surplus funds of a candidate committee are those funds not
otherwise obligated following the election at which the office for
which the candidate committee was formed has been determined which,
in the candidate’s discretion, are not required to be used for
campaign expenses or officeholder expenses. Such surplus funds may
be:
(A) Retained in any amount for use in a future campaign for the
next succeeding term for the same office;
(B) Retained for a future campaign for a different state
elective office, excluding a judicial office;
(C) Donated to a charitable organization as described in Section
501(c)(3) of Title 26 of the United States Code as it currently
exists or as it may be amended;
(D) Returned to any contributor, as long as the amount returned
does not exceed the contributor’s aggregate contribution during the
immediately preceding primary, runoff primary and general elections;
(E) Contributed to a political party committee in any amount not
to exceed Twenty-five Thousand Dollars ($25,000.00) in the aggregate;
(F) Used to purchase item(s) for donation to a charitable
organization as described in Section 501(c)(3) of Title 26 of the
United States Code as it currently exists or as it may be amended;
provided:
(1) the donated item(s) are sold by the charitable organization
for fundraising purposes;
(2) the purchase of the item(s) for donation is reported on a
Contributions and Expenditures Report which includes a description
and cost of the item(s) purchased;
(3) the donation of the item(s) is reported on a Contributions
and Expenditures Report as an in-kind expenditure to the charitable
organization which includes a description and the value of the
item(s) donated; and
(4) the donated item(s) may not be purchased or used by the
candidate whose committee is donating the item, any other candidate,
a committee, or officer, board member or employee of the charitable
organization; or
(G) Donated in accordance with the provisions of Section 381 et
seq. of Title 60 of the Oklahoma Statutes to the State of Oklahoma,
or, to any county, city, town or school district within the State of
Oklahoma.
Any surplus funds remaining in the candidate committee’s
possession within ninety (90) days after the expiration of the term
to which the candidate was elected or, for candidates who were not
elected, within ninety (90) days after the second year following the
general election, shall be deposited in the general revenue fund of
the state.