1. (a)

   1. (1) A campaign or candidate may use campaign funds to lease an airplane for campaign purposes.
   2. (2) As with automobile usage, described in 7 CAR § 3-112, the campaign or the candidate should ensure that accurate records are maintained and that the travel relates to campaign activity before using campaign funds to pay for the lease.

2. (b)

   1. (1) A candidate may lease an airplane to his or her campaign from a company in which he or she has a financial interest and pay for the lease from campaign funds.
   2. (2) The lease payment must not exceed the amount necessary to reimburse the leasing business for actual expenditures made by the business related to the lease.
   3. (3) If the candidate has a significant financial interest in the leasing company, neither the candidate nor the leasing company may make a profit from the lease agreement.

   4. (4) When such a lease occurs, the candidate should report the expenditure by itemizing the:

      1. (A) Amount paid;
      2. (B) Date of payment; and
      3. (C) Name and address of any person, including the candidate, to whom the expenditure was made.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules contained a footnote to 7 CAR § 3-113(b) as follows: “39 Arkansas Ethics Commission Opinion No. 97-EC-005(A)”.