Page:United States Statutes at Large Volume 86.djvu/54

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PUBLIC LAW 92-000—MMMM. DD, 1972

12

PUBLIC LAW 92-225-FEB. 7, 1972

[86 STAT.

i{ -If-

sion of a preference for the nomination of persons for election to the office of President, or for the purpose of influencing the election of delegates to a constitutional convention for proposing amendments to the Constitution of useprec.title 1. ^^iQ United States; (2) a contract, promise, or agreement, whether or not legally enforceable, to make a contribution for any such purpose; (3) a transfer of funds between political committees; (4) the payment, by any person other than a candidate " or political committee, of compensation for the personal services of another person which are rendered to such candidate or committee without charge for any such purpose; and Exception. ?•':,. (5^ notwithstanding the foregoing meanings of "contribution", the word shall not be construed to include services provided without compensation by individuals volunteering a portion or all of their time on behalf of a candidate or political committee; (f) "expenditure" means— (1) a purchase, payment, distribution, loan, advance, deposit, or gift of money or anything of value, made for the purpose of influencing the nomination for election, or election, of any person to Federal office, or as a presidential and A, vice-presidential elector, or for the purpose of influencing the result of a primary held for the selection of delegates to a national nominating convention of a political party or for the expression of a preference for the nomination of persons • for election to the office of President, or for the purpose of influencing the election'of delegates to a constitutional convention for proposing amendments to the Constitution of the United States; V 3,-. •; (2) a contract, promise, or agreement, whether or not legally enforceable, to make an expenditure, and (3) a transfer of funds between political committees; f (g) "supervisory officer" means the Secretary of the Senate ^ ^ with respect to candidates for Senator; the Clerk of the House of Representatives with respect to candidates for Representative in, or Delegate or Resident Commissioner to, the Congress of the United States; and the Comptroller General of the United States in any other case; (h) "person" means an individual, partnership, committee, association, corporation, labor organization, and any other organization or group of persons; and (i) "State" means each State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession of the United States. ';

ORGANIZATION OF P O L I T I C A L

COMMITTEES

SEC. 302. (a) Every political committee shall have a chairman and a treasurer. No contribution and no expenditure shall be accepted or made by or on behalf of a political committee at a time when there is a vacancy in the office of chairman or treasurer thereof. No expenditure shall be made for or on behalf of a political committee without the authorization of its chairman or treasurer, or their designated agents. (b) Every person who receives a contribution in excess of $10 for a political committee shall, on demand of the treasurer, and in any event within five days after receipt of such contribution, render to the treasurer a detailed account thereof, including the amount, the name and