Forwarding and Depositing Contributions - Deadlines for Treasurers

Did you know that treasurers have to pay attention to two different deadlines when a committee receives a contribution? First, when any person receives a contribution of any amount for a campaign (or a contribution in excess of $50 for a PAC or party committee), that person has 10 days to forward the contribution to the treasurer. (The deadline for forwarding contributions of $50 or less to a PAC or party committee is 30 days). See 11 CFR 102.8. Second, the treasurer must deposit the contribution within 10 days after he or she receives it from the person who initially collected it. 11 CFR 103.3(a). By the way, the date of receipt for reporting purposes is the date that person initially received the contribution (so the date and other records must be forwarded along with the contribution). For more information, see the chapters on fundraising and recordkeeping in your Campaign Guide and the regulations linked above.