(a) This regulation is applicable to any committee pursuant to subdivision (a) of Government Code section 82013 that receives contributions subject to the limits of subdivision (a) or (b) of Government Code section 85303.

(b) A committee described in subdivision (a) of this regulation must make all contributions to candidates for elective state office, and to other committees for the purpose of making contributions to candidates for elective state office, from a bank account maintained and designated as an “all purpose” committee account. Checks drawn on this account mustinclude the words “all purpose” in the title of the account appearing on the checks. (For example, “XYZ's all purpose account.”)

(c) Contributions received by a committee described in subdivision (a) of this regulation, that exceed the aggregate limits prescribed in subdivisions (a) or (b) of Government Code section 85303, must be returned pursuant to 2 Cal. Code. Regs. section 18531, or deposited into a committee bank account designated as a “restricted use” account, or may be split between a committee's “all purpose” and “restricted use” accounts at the time of deposit, with the amount deposited into the “all purpose” account not to exceed the contributor's limit under subdivisions (a) or (b) of Government Code section 85303. Within fourteen (14) calendar days following receipt, a committee may transfer any portion of the original contribution from the committee's “restricted use” account to the “all purpose” account, provided that the total amount deposited into the “all purpose” account does not exceed the contributor's limit under subdivisions (a) or (b) of Government Code section 85303. For each contribution transferred under this subdivision, the committee shall maintain records sufficient to establish that the transfer was effected within fourteen (14) calendar days of receipt. Checks drawn on any “restricted use account” must include the words “restricted use” in the title of the account appearing on the checks. (For example, “XYZ's restricted use account.”)

(d) Except by means of the transfer described in subdivision (c) above, funds from a “restricted use” account may not be used to make contributions to candidates for elective state office, or to make contributions to other committees for the purpose of making contributions to candidates for elective state office.

(e) A committee described in subdivision (a) of this regulation may transfer funds from its “all purpose” account to any other account. Any such transfers, however, need not be considered in determining whether any person contributing to the committee has or has not exceeded annual contribution limits for that person under subdivisions (a) or (b) of Government Code section 85303. Except as set forth in subdivision (c) above, a committee may not transfer funds to an “all purpose” account from any “restricted use” or other committee account.

(f) A committee making a contribution to any other committee must notify the recipient whether the contribution is from the committee's “all purpose” or “restricted use” account, or from some other account. A check with the proper designation of the account on its face shall be presumed to be adequate notification of the nature of the funds to the recipient committee.