351—4.35(68A) Permanent organizations forming temporary political committees; one-time contributor filing Form DR-OTC.

1. 4.35(1)  Form DR-OTC. A permanent organization that makes a one-time contribution in excess of $1,000 to a committee may, in lieu of filing a statement of organization, disclosure reports, and a notice of dissolution, file Form DR-OTC. The following information shall be disclosed on Form DR-OTC:

   1. a. The name and address of the organization making the contribution.
   2. b. The name and address of a contact person for the organization.
   3. c. The name and address of the committee receiving the contribution. If the contribution is to a candidate or a candidate’s committee, the source of the original funds used to make the contribution shall be disclosed.
   4. d. The date and amount of the contribution. If the contribution is an in-kind contribution, a description of the provided goods or services must be included.
   5. e. The date of election and the county in which the recipient committee is located if the committee is a county or local committee.
   6. f. The date and signature of the person filing Form DR-OTC. A Form DR-OTC that is filed electronically using the board’s website is deemed signed when filed.
2. 4.35(2)  Multiple contributions. A permanent organization that makes more than one contribution in a calendar year is not eligible to file Form DR-OTC and is required to file a statement of organization and disclosure reports if the contributions cross the financial threshold requiring committee registration.
3. 4.35(3)  Time of filing. Form DR-OTC shall be filed with the board on or before 11:59 p.m. on the tenth day after the one-time contribution in excess of $1,000 is made. If the tenth day falls on a day on which the board office is closed, the filing deadline is extended to the next working day when the board office is open.
4. 4.35(4)  Failure to register. If the board discovers that a permanent organization has become subject to the provisions of Iowa Code chapter 68A but did not timely file a statement of organization or file Form DR-OTC, as applicable, the permanent organization may be subject to board sanctions.
5. 4.35(5)  Partial refund of contribution. A committee that receives a contribution from a permanent organization that causes the organization to become subject to the provisions of Iowa Code chapter 68A may refund all or part of a contribution to the organization so as to reduce the contribution to $1,000 or less and eliminate the organization’s filing obligations.

This rule is intended to implement Iowa Code sections 68A.102(18) and 68A.402.

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