Can a PCFO charge CFC the interest lost for paying campaign expenses?
A. A PCFO may ONLY charge interest to CFC if the PCFO obtained a commercial loan. Any loaned obtained by the PCFO must first be approved by the LFCC. Q. If a federation is accepted by the LFCC one year with all of its member organizations can the federation just re-certify the members organization without filling out the application even if they go above 25% administrative costs? A. A federation must apply on an annual basis to the CFC and, after the first year, all of its existing member organizations application should be kept on file at the federation. The LFCC can request any or all of these applications at any time. If an existing member does not meet an eligibility criteria the federation must include that information in their annual application. The LFCC may also request the full application of any new member organizations be submitted with the federation application.
