1. (a) A contribution:

   1. (1) authorized under subsection (c) or section 4 of this chapter;
   2. (2) to a committee by a corporation or labor organization; and

   3. (3) designated by that corporation or labor organization for disbursement to a specific candidate, central committee, or other regular party committee;

      is subject to the limitations in section 4 of this chapter.

2. (b) A corporation or labor organization may make a donation to cover any amount of administrative costs (as described in IC 3-5-2.1-27 (e)) to a political action committee established and controlled by the corporation or labor organization. A donation made under this subsection is not considered a contribution or an expenditure by the corporation or labor organization.

3. (c) A corporation or labor organization may make a contribution to a political action committee if the contribution:

   1. (1) does not exceed any of the limits prescribed under section 4 of this chapter; and

   2. (2) is designated for disbursement to a specific candidate or committee listed under section 4 of this chapter.

      [Pre-1986 Recodification Citation: 3-4-3-3(b).]

As added by P.L.5-1986, SEC.5. Amended by P.L.10-1988, SEC.67; P.L.3-1995, SEC.67; P.L.8-1995, SEC.36; P.L.2-1996, SEC.96; P.L.3-1997, SEC.177; P.L.186-2025, SEC.15; P.L.241-2025, SEC.14.