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Title 26 — Internal Revenue CodeRelease 119-73

§9037 Payments to Eligible Candidates

Title 26 › Subtitle Subtitle H— Financing of Presidential Election Campaigns › Chapter 96— PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT › § 9037

Last updated Apr 6, 2026|Official source

Summary

The Treasury keeps a separate account inside the Presidential Election Campaign Fund called the Presidential Primary Matching Payment Account. Money goes into it for presidential primary candidates who qualify for matching funds, but only after amounts needed for general-election and convention-related payments are covered. Once the Federal Election Commission certifies a candidate's amount, and the matching payment period has begun, the Treasury promptly transfers that amount to the candidate. Among candidates of the same party, the Treasury aims for an equitable distribution, considering the order in which certifications arrive.

Full Legal Text

Title 26, §9037

Internal Revenue Code — Source: USLM XML via OLRC

(a)The Secretary shall maintain in the Presidential Election Campaign Fund established by section 9006(a), in addition to any account which he maintains under such section, a separate account to be known as the Presidential Primary Matching Payment Account. The Secretary shall deposit into the matching payment account, for use by the candidate of any political party who is eligible to receive payments under section 9033, the amount available after the Secretary determines that amounts for payments under section 9006(c) and for payments under section 9008(i)(2) are available for such payments.
(b)Upon receipt of a certification from the Commission under section 9036, but not before the beginning of the matching payment period, the Secretary shall promptly transfer the amount certified by the Commission from the matching payment account to the candidate. In making such transfers to candidates of the same political party, the Secretary shall seek to achieve an equitable distribution of funds available under subsection (a), and the Secretary shall take into account, in seeking to achieve an equitable distribution, the sequence in which such certifications are received.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2014—Subsec. (a). Pub. L. 113–94 substituted “section 9008(i)(2)” for “section 9008(b)(3)”. 1976—Subsec. (b). Pub. L. 94–455 struck out “or his delegate” after “Secretary” in three places.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable with respect to taxable years beginning after Dec. 31, 1974, see section 410(c)(1) of Pub. L. 93–443, set out as an

Effective Date

of 1974 Amendment note under section 30101 of Title 52, Voting and Elections.

Reference

Citations & Metadata

Citation

26 U.S.C. § 9037

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73