Iowa Board Statement of Understanding
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How to fill out Board Statement Of Understanding?
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FAQ
A PAC or lobbyist may not give a candidate for statewide or legislative office a contribution on any during the regular legislative session and in the case of a gubernatorial candidate, during the 30 days following the adjournment of a regular legislative session. See Iowa Code section 68A.
Iowa does not have campaign contribution limits. A candidate may accept monetary and in-kind contributions from individuals, political committees (?PACs?), and any entity that is not a prohibited contributor under section 68A.
WHAT IS AN INDEPENDENT EXPENDITURE? Any person that makes an expenditure for a communication (such as direct mailing, brochure, or newspaper advertisement) that is done without the approval or coordination of a candidate or committee and that expressly advocates: The nomination, election, or defeat of a candidate.
Pursuant to Iowa Code section 68A. 201, a campaign committee is required to register with the Board by filing a statement of organization (DR-1) within 10 days of exceeding $1,000 in money or goods raised, expenditures made, or debts incurred.
