Payments to eligible candidates

U.S.C. Title 26 - INTERNAL REVENUE CODE 26 U.S.C. United States Code, 2023 Edition Title 26 - INTERNAL REVENUE CODE Subtitle H - Financing of Presidential Election Campaigns CHAPTER 96 - PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT Sec. 9037 - Payments to eligible candidates From the U.S. Government Publishing Office, www.gpo.gov

§9037. Payments to eligible candidates

(a) Establishment of account The Secretary shall maintain in the Presidential Election Campaign Fund established by section 9006(a), in addition to any account which he maintains under such section, a separate account to be known as the Presidential Primary Matching Payment Account. The Secretary shall deposit into the matching payment account, for use by the candidate of any political party who is eligible to receive payments under section 9033, the amount available after the Secretary determines that amounts for payments under section 9006(c) and for payments under section 9008(i)(2) are available for such payments. (b) Payments from the matching payment account Upon receipt of a certification from the Commission under section 9036, but not before the beginning of the matching payment period, the Secretary shall promptly transfer the amount certified by the Commission from the matching payment account to the candidate. In making such transfers to candidates of the same political party, the Secretary shall seek to achieve an equitable distribution of funds available under subsection (a), and the Secretary shall take into account, in seeking to achieve an equitable distribution, the sequence in which such certifications are received.

(Added Pub. L. 93–443, title IV, §408(c), Oct. 15, 1974, 88 Stat. 1300; amended Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 113–94, §2(b)(2), Apr. 3, 2014, 128 Stat. 1085.)

Editorial Notes

Amendments 2014—Subsec. (a). Pub. L. 113–94 substituted "section 9008(i)(2)" for "section 9008(b)(3)". 1976—Subsec. (b). Pub. L. 94–455 struck out "or his delegate" after "Secretary" in three places.

Statutory Notes and Related Subsidiaries

Effective Date Section applicable with respect to taxable years beginning after Dec. 31, 1974, see section 410(c)(1) of Pub. L. 93–443, set out as an Effective Date of 1974 Amendment note under section 30101 of Title 52, Voting and Elections.