(b)
Requirements for election fund
(1)
Election fund described
For purposes of subsection (a)(5) of this section, a fund described in this subsection with respect to a State is a fund which is established in the treasury of the State government, which is used in accordance with paragraph (2), and which consists of the following amounts:
(A)
Amounts appropriated or otherwise made available by the State for carrying out the activities for which the requirements payment is made to the State under this subpart.
(B)
The requirements payment made to the State under this subpart.
(C)
Such other amounts as may be appropriated under law.
(D)
Interest earned on deposits of the fund.
(2)
Use of fund
Amounts in the fund shall be used by the State exclusively to carry out the activities for which the requirements payment is made to the State under this subpart.
(3)
Treatment of States that require changes to State law
In the case of a State that requires State legislation to establish the fund described in this subsection, the Commission shall defer disbursement of the requirements payment to such State until such time as legislation establishing the fund is enacted.