26 U.S.C. § 9006 : US Code - Section 9006: Payments to eligible candidates

Search 26 U.S.C. § 9006 : US Code - Section 9006: Payments to eligible candidates

(a) Establishment of campaign fund
There is hereby established on the books of the Treasury of the
United States a special fund to be known as the "Presidential
Election Campaign Fund". The Secretary of the Treasury shall, from
time to time, transfer to the fund an amount not in excess of the
sum of the amounts designated (subsequent to the previous
Presidential election) to the fund by individuals under section
6096. There is appropriated to the fund for each fiscal year, out
of amounts in the general fund of the Treasury not otherwise
appropriated, an amount equal to the amounts so designated during
each fiscal year, which shall remain available to the fund without
fiscal year limitation.
(b) Payments from the fund
Upon receipt of a certification from the Commission under section
9005 for payment to the eligible candidates of a political party,
the Secretary of the Treasury shall pay to such candidates out of
the fund the amount certified by the Commission. Amounts paid to
any such candidates shall be under the control of such candidates.
(c) Insufficient amounts in fund
If at the time of a certification by the Commission under section
9005 for payment to the eligible candidates of a political party,
the Secretary determines that the moneys in the fund are not, or
may not be, sufficient to satisfy the full entitlements of the
eligible candidates of all political parties, he shall withhold
from such payment such amount as he determines to be necessary to
assure that the eligible candidates of each political party will
receive their pro rata share of their full entitlement. Amounts
withheld by reason of the preceding sentence shall be paid when the
Secretary determines that there are sufficient moneys in the fund
to pay such amounts, or portions thereof, to all eligible
candidates from whom amounts have been withheld, but, if there are
not sufficient moneys in the fund to satisfy the full entitlement
of the eligible candidates of all political parties, the amounts so
withheld shall be paid in such manner that the eligible candidates
of each political party receive their pro rata share of their full
entitlement. In any case in which the Secretary determines that
there are insufficient moneys in the fund to make payments under
subsection (b), section 9008(b)(3), and section 9037(b), moneys
shall not be made available from any other source for the purpose
of making such payments.