If a candidate has a debt from a campaign for an elective office, the candidate may accept contributions to retire the debt, even if the candidate accepts contributions for another elective office or the same elective office during a subsequent election cycle, as long as those contributions accepted to retire the debt are:

1. (1) within the contribution limits applicable to the last election in which the candidate sought the elective office for which the debt was incurred; and

2. (2) reported as provided in this article.

   ETHICS COMMISSION OPINIONS

   1. In General

   Former candidate who is retiring debt from 1990 election campaign is not restricted in amount of contribution which may be accepted, in accordance with Section 8-13-1318. Section provides for retirement of debts in accordance with contribution limits which applied to election for which debt was incurred, and since there are no such limits in effect for 1990 Lieutenant Governor's election campaign, there being no limitations prescribed for contributions to retire debts for election campaigns occurring prior to January 1, 1992. Op S.C. St. Ethics Comm., SEC AO92-203, June 9, 1992.