SECTION 4. PAYMENT PROCEDURES

.01 Timing of payments . (a) Weekly payments . The Treasury will make payments due to primary candidates at least once a week, to the extent funds are available in the Primary Account. Payments will be based on (1) certifications which the Treasury has received from the Commission, but not paid, as of one day prior to a Payment Date, and (2) the balance in the Primary Account, as of one day prior to a Payment Date.

(b) Payment period . The payments described in section 4.01(a) of this revenue procedure will commence during the first week of January of an election year and will continue through the end of September of the year following the presidential election.

.02 Amount of payment . (a) No shortfall . If the amounts certified by the Commission in certifications received by the Treasury as of one day prior to a Payment Date do not exceed the balance in the Primary Account on a Payment Date, the Treasury will pay the certified amounts to the candidates.

(b) Shortfall . If the amounts certified by the Commission in certifications received by the Treasury as of one day prior to a Payment Date exceed the balance in the Primary Account on a Payment Date, the amount paid to a candidate is determined by multiplying the Candidate’s Adjusted

26 CFR 702.9037–2T: Payments from the Presiden- tial Primary Matching Payment Account (temporary).

Rev. Proc. 2008–15