Canada Elections Act
Marginal note:Surplus of nomination campaign funds
476.91 (1) The surplus amount of nomination campaign funds that a nomination contestant receives for a nomination contest is the amount by which the sum of the following is more than the sum of the contestant’s nomination campaign expenses paid from the bank account referred to in subsection 476.65(1) and any transfers referred to in paragraph 364(5)(a):
(a) contributions accepted by the financial agent on behalf of the contestant;
(b) money received from the sale referred to in subsection (2); and
(c) any other amounts received by the contestant for their nomination campaign that are required to be deposited into the bank account referred to in subsection 476.65(1) and are not repayable.
Marginal note:Sale of capital assets
(2) Before the surplus amount of nomination campaign funds is disposed of in accordance with sections 476.92 and 476.93, a nomination contestant’s financial agent shall sell, at their fair market value, any capital assets whose acquisition constitutes a nomination campaign expense.
- 2014, c. 12, s. 86
- 2018, c. 31, s. 286
- Date modified: