WSR 00-16-074

ATTORNEY GENERAL OPINION


Cite as: AGO 2000 No. 4

[ July 3, 2000 ]

PUBLIC DISCLOSURE LAW - PUBLIC DISCLOSURE COMMISSION - ELECTIONS - CAMPAIGN CONTRIBUTIONS - CAMPAIGN FINANCING - CANDIDATES - Status of loans to candidates and political committees.


1. If a political campaign receives a loan from a commercial lending institution which meets the criteria set forth in RCW 42.17.720(3), and the loan is not guaranteed by any other person, the loan is exempt from the campaign contribution limitations set forth in RCW 42.17.640.


2. In limiting the extent to which candidates may be reimbursed from campaign contributions for loans to their political campaigns, RCW 42.17.125(3) applies to funds borrowed by the candidate personally but used for campaign purposes and also to funds borrowed by the candidate's political committee but guaranteed by the candidate.

The Honorable Susan Brady

Chair, Public Disclosure Commission

P.O. Box 40908

Olympia, Washington 98504-0908

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