(a) A political committee that accepts a monetary political contribution from a corporation or labor organization shall maintain the contribution in a separate account for political contributions from corporations and labor organizations.
(b) A political committee that accepts a political contribution from a corporation or labor organization shall not use the contribution to make a political contribution to:
  (1) a candidate for elective office;
  (2) an officeholder; or
  (3) a political committee other than a hybrid committee, a direct campaign expenditure-only committee, or a political committee that supports or opposes measures exclusively.

Source Note: The provisions of this §22.35 adopted to be effective July 13, 2020, 45 TexReg 4737