§ 100.33 Personal funds.

Personal funds of a candidate means the sum of all of the following:

  1. a. (a) Assets. Amounts derived from any asset that, under applicable State law, at the time the individual became a candidate, the candidate had legal right of access to or control over, and with respect to which the candidate had—

    1. 1. (1) Legal and rightful title; or

    2. 2. (2) An equitable interest;

  2. b. (b) Income. Income received during the current election cycle, of the candidate, including:

    1. 1. (1) A salary and other earned income that the candidate earns from bona fide employment;

    2. 2. (2) Income from the candidate's stocks or other investments including interest, dividends, or proceeds from the sale or liquidation of such stocks or investments;

    3. 3. (3) Bequests to the candidate;

    4. 4. (4) Income from trusts established before the beginning of the election cycle;

    5. 5. (5) Income from trusts established by bequest after the beginning of the election cycle of which the candidate is the beneficiary;

    6. 6. (6) Gifts of a personal nature that had been customarily received by the candidate prior to the beginning of the election cycle; and

    7. 7. (7) Proceeds from lotteries and similar legal games of chance; and

  3. c. (c) Jointly owned assets. Amounts derived from a portion of assets that are owned jointly by the candidate and the candidate's spouse as follows:

    1. 1. (1) The portion of assets that is equal to the candidate's share of the asset under the instrument of conveyance or ownership; provided, however,

    2. 2. (2) If no specific share is indicated by an instrument of conveyance or ownership, the value of one-half of the property.