§ 10-329. Withdrawal.

(a)

A participating candidate may withdraw from participation if the candidate files a statement of withdrawal with the State Board and Commission in the form that the State Board requires and:

(1)

terminates candidacy to withdraw from the election completely; or

(2)

withdraws prior to receiving any public contribution.

(b)

Termination of candidacy. A participating candidate who withdraws under Subsection (a)(1) shall repay to the Fund the full amount of any public contribution received, plus interest accruing from the date of withdrawal at the same rate as the current bank prime loan rate reported by the Board of Governors of the Federal Reserve System.

(c)

Personal liability. If the funds remaining in the candidate's citizen funded campaign account at the time of withdrawal are insufficient to repay the Fund under Subsection (b) of this Section, the candidate shall be personally liable for repayment.

(d)

Reduced repayment. The Commission may reduce any repayment under Subsection (b) of this Section for a participating candidate who must withdraw for health reasons or other cause not within the candidate's control and may consider personal financial hardship.

(CB-99-2018)