(1)

1. (a) Each state office candidate or the candidate's personal campaign committee shall deposit each contribution and public service assistance received in one or more separate campaign accounts in a financial institution.

2. (b) A state office candidate or a candidate's personal campaign committee may not use money deposited in a campaign account for:

   1. (i) a personal use expenditure; or
   2. (ii) an expenditure prohibited by law.

(4)

1. (a) Except as provided in Subsection (4)(b) and Section 20A-11-402, a person who is no longer a state office candidate may not expend or transfer the money in a campaign account in a manner that would cause the former state office candidate to recognize the money as taxable income under federal tax law.
2. (b) A person who is no longer a state office candidate may transfer the money in a campaign account in a manner that would cause the former state office candidate to recognize the money as taxable income under federal tax law if the transfer is made to a campaign account for federal office.

(5)

1. (a) As used in this Subsection (5) and Section 20A-11-204, "received" means:

   1. (i) for a cash contribution, that the cash is given to a state office candidate or a member of the candidate's personal campaign committee;
   2. (ii) for a contribution that is a negotiable instrument or check, that the negotiable instrument or check is negotiated; and
   3. (iii) for any other type of contribution, that any portion of the contribution's benefit inures to the state office candidate.
2. (b) Each state office candidate shall report each contribution and public service assistance to the lieutenant governor within 30 days after the contribution or public service assistance is received.

(6)

1. (a) As used in this Subsection (6), "account" means an account in a financial institution:

   1. (i) that is not described in Subsection (1)(a); and
   2. (ii) into which or from which a person who, as a candidate for an office, other than the state office for which the person files a declaration of candidacy or federal office, or as a holder of an office, other than a state office for which the person files a declaration of candidacy or federal office, deposits a contribution or makes an expenditure.

2. (b) A state office candidate shall include on any financial statement filed in accordance with this part:

   1. (i) a contribution deposited in an account:

      1. (A) since the last campaign finance statement was filed; or
      2. (B) that has not been reported under a statute or ordinance that governs the account; or

   2. (ii) an expenditure made from an account:

      1. (A) since the last campaign finance statement was filed; or
      2. (B) that has not been reported under a statute or ordinance that governs the account.