Contributions For Debt Retirement- Form 31-P
This form is for use by statewide and general assembly candidates only.
Contributions received for the purpose of retiring specific debts must be kept in a separate bank account from other funds.
Contributions received to retire debt may only be accepted during the election period immediately following the election period during which the obligation was incurred. (R.C. 3517.108)
Each contribution received must indicate toward which debt it will be applied. This is reflected by completion of the name of creditor block.
The State block should be completed with the U.S. Post Office's standard two-letter abbreviation. For example, Ohio would appear as OH.
The Date block should be completed with six digits. For example, March 9, 2005, would appear as 03 09 05.
The sum of all contributions for Debt Retirement should be transferred to the Statement of Contributions Received Form No. 31-A. Under Full Name of Contributor on Form 31-A, state “Contributions for Debt Retirement.”
Excess funds remaining after the debt(s) is paid can be donated to a 501(c) nonprofit charity or refunded to the contributors. It cannot be donated to the Ohio Elections Commission Fund. Contributions for Debt Retirement may only be made by individuals, PACs, political contributing entities and the campaign committees of other candidates.