1. (a) "Expenditure" means a disbursement (whether characterized as an advance, a deposit, a distribution, a gift, a loan, a payment, a purchase, or a contract or promise to make a disbursement) of property (as defined in IC 35-31.5-2-253 ) that:

   1. (1) is made for the purpose of influencing:

      1. (A) the nomination or election to office of a candidate;
      2. (B) the election of delegates to a state constitutional convention; or
      3. (C) the outcome of a public question; and

   2. (2) is made by:

      1. (A) an individual, except that a contribution made by an individual is not considered to be an expenditure;
      2. (B) a candidate's committee;
      3. (C) a regular party committee; or
      4. (D) a political action committee.
2. (b) Whenever funds are transferred from one committee to another, the disbursing committee is considered to be making an expenditure in the amount of the funds transferred.

As added by P.L.186-2025, SEC.6.