Written loan agreements
(1) A loan made by or to a candidate, political committee or petition committee must be by written agreement.
(2) A candidate, political committee or petition committee shall keep a copy of any written loan agreement with the detailed accounts of the candidate or committee required under ORS 260.055 (Accounts of contributions and expenditures).
(3) Notwithstanding ORS 260.055 (Accounts of contributions and expenditures), a candidate, political committee or petition committee shall preserve a written loan agreement for at least two years after the statement of the loan is filed under ORS 260.057 (Electronic campaign finance filing system) or until the loan is repaid, whichever is later. [2005 c.809 §19; 2009 c.818 §27; 2011 c.652 §8]
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