NOTE: IF YOU RECEIVE A CONTRIBUTION THAT YOU KNOW IS IN EXCESS OF THE CONTRIBUTION LIMIT, YOU MAY SIMPLY RETURN IT; THE CONTRIBUTION DOES NOT HAVE TO BE DEPOSITED FIRST AND THEN RETURNED. IF YOU RETURN AN EXCESSIVE CONTRIBUTION BEFORE IT IS DEPOSITED, IT DOES NOT HAVE TO BE REPORTED.
Remember: contributions may be in the form of money, loans, or goods and services (in-kind).
If a contribution is deposited and the aggregate contribution amount exceeds the amount allowed by law, refund the excess amount of the contribution.
Loans are subject to the contribution limits. If a loan is obtained in excess of the limits, refund the excess amount of the loan.
In-kind contributions are goods or services that benefit a candidate or committee. An in-kind contribution is valued by applying the “fair market value” to the goods or services. After determining the fair market value, please consult the contribution limits to be sure that the limits were not exceeded. If the limits were exceeded, refund the excess amount of the contribution (by disbursement).
All refunds must be made within 48 hours of receipt of the excessive contribution.