Staff: Kevin Cornwall, Senior Commission Counsel, Legal Division. Currently, FPPC regulations expressly permit a candidate-controlled campaign committee to temporarily transfer contributions from the committee’s primary bank account into a higher interest-bearing account prior to expenditure. Staff proposes the Commission adopt a regulatory amendment that would expressly permit other recipient committees, such as general purpose committees, to do the same, subject to certain additional requirements. Staff presents this proposal for adoption, with pre-notice discussion having occurred at the August Commission meeting.
