26 U.S.C. § 9007 : US Code - Section 9007: Examinations and audits; repayments

Search 26 U.S.C. § 9007 : US Code - Section 9007: Examinations and audits; repayments

(a) Examinations and audits
After each presidential election, the Commission shall conduct a
thorough examination and audit of the qualified campaign expenses
of the candidates of each political party for President and Vice
President.
(b) Repayments
(1) If the Commission determines that any portion of the payments
made to the eligible candidates of a political party under section
9006 was in excess of the aggregate payments to which candidates
were entitled under section 9004, it shall so notify such
candidates, and such candidates shall pay to the Secretary of the
Treasury an amount equal to such portion.
(2) If the Commission determines that the eligible candidates of
a political party and their authorized committees incurred
qualified campaign expenses in excess of the aggregate payments to
which the eligible candidates of a major party were entitled under
section 9004, it shall notify such candidates of the amount of such
excess and such candidates shall pay to the Secretary of the
Treasury an amount equal to such amount.
(3) If the Commission determines that the eligible candidates of
a major party or any authorized committee of such candidates
accepted contributions (other than contributions to make up
deficiencies in payments out of the fund on account of the
application of section 9006(c)) to defray qualified campaign
expenses (other than qualified campaign expenses with respect to
which payment is required under paragraph (2)), it shall notify
such candidates of the amount of the contributions so accepted, and
such candidates shall pay to the Secretary of the Treasury an
amount equal to such amount.
(4) If the Commission determines that any amount of any payment
made to the eligible candidates of a political party under section
9006 was used for any purpose other than -
(A) to defray the qualified campaign expenses with respect to
which such payment was made, or
(B) to repay loans the proceeds of which were used, or
otherwise to restore funds (other than contributions to defray
qualified campaign expenses which were received and expended)
which were used to defray such qualified campaign expenses,
it shall notify such candidates of the amount so used, and such
candidates shall pay to the Secretary of the Treasury an amount
equal to such amount.
(5) No payment shall be required from the eligible candidates of
a political party under this subsection to the extent that such
payment, when added to other payments required from such candidates
under this subsection, exceeds the amount of payments received by
such candidates under section 9006.
(c) Notification
No notification shall be made by the Commission under subsection
(b) with respect to a presidential election more than 3 years after
the day of such election.
(d) Deposit of repayments
All payments received by the Secretary of the Treasury under
subsection (b) shall be deposited by him in the general fund of the
Treasury.