Internal Revenue Code:Sec. 9037. Payments to eligible candidates

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle H - Financing of Presidential Election Campaigns
       CHAPTER 96 - PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
     

Statute

    Sec. 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(b)(3) 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.
 

Sources

    (Added Pub. L. 93-443, title IV, Sec. 408(c), Oct. 15, 1974, 88
    Stat. 1300; amended Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A),
    Oct. 4, 1976, 90 Stat. 1834.)
 

Miscellaneous

                                 AMENDMENTS
      1976 - Subsec. (b). Pub. L. 94-455 struck out ''or his delegate''
    after ''Secretary'' in three places.
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in sections 9006, 9032, 9033, 9034,
    9036, 9038, 9042 of this title.