351—4.30(68A,68B) Funds from unknown source prohibited; subsequent identification of source; notice to contributors.

1. 4.30(1)  Anonymous contributions in excess of $25 prohibited. No person shall make a contribution in excess of $25 to a committee without providing the person’s name and address to the committee.
2. 4.30(2)  Escheat to the state. Any contribution in excess of $25 from an unknown source or campaign funds in excess of $25 that cannot be accounted for and reconciled shall escheat to the state of Iowa. A committee required to escheat shall do so by depositing the funds into the committee’s campaign account and issuing a committee check to “State of Iowa” in the same amount. The committee check shall be sent to the board office for processing and transfer to the office of the treasurer of state, which shall deposit the check into the general fund.

3. 4.30(3)  Subsequent identification of source. A committee discovering the source of any funds that have been escheated to the state may make an application to the board for a return of the funds if the following requirements are met:

   1. a. The committee has not dissolved;
   2. b. Documentation of the name and address of the source is provided;
   3. c. The amount requested to be returned is in excess of $100; and
   4. d. The application is made within 90 days of the date of the deposit in the general fund of the state of Iowa.
4. 4.30(4)  Notice at fundraising event. A person requested to make a contribution at a fundraising event shall be advised that it is illegal to make a contribution in excess of $25 unless the person making the contribution also provides the person’s name and address. Notice may be made orally or in a written statement that is displayed at the fundraising event.

This rule is intended to implement Iowa Code section 68A.501.

[ARC 0235D, IAB 4/29/26, effective 6/3/26]