Disclosure and Disposition of Assets of Political Committees
Effective Nov 21, 2025Mass. Register #1561MGL c. 55, § 3 MGL c. 55, § 6 St. 2024, c. 238, § 313Office of Campaign and Political Finance
- (1) For the purposes of 970 CMR 2.08, “assets” shall mean any one item that has a useful life of more than one year, would be depreciable in a normal business environment, and has a cost or value of $1,000 or more at the time of its acquisition.
- (2) Each political committee shall disclose, as receipts in the committee’s campaign finance reports, funds received upon the disposition of its assets.
- (3) Assets of a political committee may not accrue to the personal benefit of a candidate or any other person.
- (4) Assets of a political committee may only be disposed of in a manner which conforms to the provisions of M.G.L. c. 55.