Section 3-9-2-5 - Contributions or donations to specific candidate or committee(a) A contribution: (1) authorized under subsection (c) or section 4 of this chapter;(2) to a committee by a corporation or labor organization; and(3) designated by that corporation or labor organization for disbursement to a specific candidate, central committee, or other regular party committee; is subject to the limitations in section 4 of this chapter.
(b) A corporation or labor organization may make a donation to cover any amount of administrative costs (as described in IC 3-5-2-15(e) ) to a political action committee established and controlled by the corporation or labor organization. A donation made under this subsection is not considered a contribution or an expenditure by the corporation or labor organization.(c) A corporation or labor organization may make a contribution to a political action committee if the contribution: (1) does not exceed any of the limits prescribed under section 4 of this chapter; and(2) is designated for disbursement to a specific candidate or committee listed under section 4 of this chapter.Pre-1986 Recodification Citation: 3-4-3-3(b).
As added by P.L. 5-1986, SEC.5. Amended by P.L. 10-1988, SEC.67; P.L. 3-1995, SEC.67; P.L. 8-1995, SEC.36; P.L. 2-1996, SEC.96; P.L. 3-1997, SEC.177.