Notes on 26 U.S.C. § 9006 : US Code - Notes

Search Notes on 26 U.S.C. § 9006 : US Code - Notes

(Added Pub. L. 92-178, title VIII, Sec. 801, Dec. 10, 1971, 85
Stat. 567; amended Pub. L. 93-53, Sec. 6(b), July 1, 1973, 87 Stat.
138; Pub. L. 93-443, title IV, Secs. 403(a), 404(c)(8), Oct. 15,
1974, 88 Stat. 1291, 1292; Pub. L. 94-283, title III, Sec. 302, May
11, 1976, 90 Stat. 498; Pub. L. 94-455, title XIX, Secs.
1906(b)(13)(A), (B), Oct. 4, 1976, 90 Stat. 1834.)
AMENDMENTS
1976 - Subsecs. (a), (b). Pub. L. 94-455 substituted "Secretary
of the Treasury" for "Secretary".
Pub. L. 94-283, Sec. 302(a), redesignated subsec. (c) as (b).
Former subsec. (b), directing that moneys remaining in the fund
after a Presidential election be transferred to the general fund of
the Treasury, was struck out.
Subsec. (c). Pub. L. 94-455, Sec. 1906(b)(13)(A), struck out "or
his delegate" after "Secretary".
Pub. L. 94-283, Sec. 302(a), (b), redesignated subsec. (d) as (c)
and inserted provision that moneys not be made available from other
sources for the purpose of making payments whenever the Secretary
or his delegate determines that there are insufficient moneys in
the fund to make payments under subsec. (b), section 9008(b)(3),
and section 9037(b). Former subsec. (c) redesignated (b).
Subsec. (d). Pub. L. 94-283, Sec. 302(a), redesignated subsec.
(d) as (c).
1974 - Subsec. (a). Pub. L. 93-443, Sec. 403(a), substituted
"from time to time" for "as provided by Appropriation Acts" and
appropriated moneys for the Campaign Fund for each fiscal year out
of the general fund of the Treasury.
Subsecs. (c), (d). Pub. L. 93-443, Sec. 404(c)(8), substituted
"Commission" for "Comptroller General" wherever appearing.
1973 - Subsec. (a). Pub. L. 93-53 struck out second sentence
requiring the Secretary to maintain in the fund (1) a separate
account for the candidates of each major party, each minor party,
and each new party for which a specific designation is made under
section 6096 for payment into an account in the fund and (2) a
general account for which no specific designation is made, and in
the last sentences, substituted "transfer to the fund",
"Presidential", and "to the fund by individuals under section
6096", for "transfer to each account in the fund", "presidential",
and "to such account by individuals under section 6096 for payment
into such account of the fund", respectively.
Subsec. (b). Pub. L. 93-53 substituted "Presidential" for
"presidential".
Subsec. (c). Pub. L. 93-53 substituted provisions for payment
"out of the fund", for such payment "out of the specific account in
the fund" and struck out penultimate sentence limiting payments to
eligible candidates from the account designated for them to the
amounts in such account at the time of payment.
Subsec. (d). Pub. L. 93-53 substituted provisions for payments to
eligible candidates when there are insufficient amounts in the
fund, for former provisions respecting transfers from general
account to separate accounts to remedy insufficient moneys to
satisfy any unpaid entitlement of the eligible candidates.
EFFECTIVE DATE OF 1974 AMENDMENT
Amendment by Pub. L. 93-443 applicable with respect to taxable
years beginning after Dec. 31, 1974, see section 410(c)(1) of Pub.
L. 93-443, set out as a note under section 431 of Title 2, The
Congress.
ADDITIONAL APPROPRIATIONS TO CAMPAIGN FUND
Section 403(b) of Pub. L. 93-443, as amended by Pub. L. 99-514,
Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that: "In addition
to the amounts appropriated to the Presidential Election Campaign
Fund established under section 9006 of the Internal Revenue Code of
1986 [formerly I.R.C. 1954] (relating to payments to eligible
candidates) by the last sentence of subsection (a) of such section
(as amended by subsection (a) of this section), there is
appropriated to such fund an amount equal to the sum of the amounts
designated for payment under section 6096 of such Code (relating to
designation by individuals to the Presidential Election Campaign
Fund) before January 1, 1975, not otherwise taken into account
under the provisions of such section 9006, as amended by this
section."
Provision effective Jan. 1, 1975, see section 410(a) of Pub. L.
93-443, set out as a note under section 431 of Title 2, The
Congress.
DESIGNATION TO THE PRESIDENTIAL ELECTION CAMPAIGN FUND
Designation made under section 6096 of this title (as in effect
for taxable years beginning before Jan. 1, 1973) for the account of
the candidates of any specified political party treated solely as a
designation to the Presidential Election Campaign Fund, see section
6(d) of Pub. L. 93-53, set out as a note under section 6096 of this
title.