AB843-AA4,2,24
11.50
(8) Lapsing grants. All grants disbursed under sub. (5) remain the
5property of the state until disbursed or encumbered for a lawful purpose. All grant
6moneys
and all other income received by a candidate that are
unspent and 7unencumbered by
a the candidate on the day after the election in which the
8candidate participates shall revert to the state
, up to the total amount of the grant
9received by that candidate. All deposits and refunds
derived from grant moneys that
10are received by a candidate at any time after the day of the election in which the
11candidate participates shall revert to the state
to the extent that the deposits and
12refunds, when combined with other unencumbered moneys in the campaign
13depository account of that candidate, do not exceed the amount of the grant received
1by that candidate. All reversions shall be returned to the board by the candidate and
2shall be deposited in the fund.".
AB843-AA4,2,85
11.50
(11) (d) No person may expend, authorize the expenditure of
, or incur any
6obligation to expend
a grant or other contribution
any moneys in the campaign
7depository account of a candidate after the date of any election where the moneys
8contained in such contribution are returnable to the state under sub. (8).".