### Question
How is the term personal funds defined?


### Answer
The term **personal funds** is defined in *2 U.S.C. § 431* as the following:

> an amount that is derived from—


(A) any asset that, under applicable State law, at the time the individual became a candidate, the candidate had legal right of access to or control over, and with respect to which the candidate had—


(i) legal and rightful title

#### Citation:
  - *2 U.S.C. § 431*
  - Heading: **CHAPTER 14-FEDERAL ELECTION CAMPAIGNS > SUBCHAPTER I-DISCLOSURE OF FEDERAL CAMPAIGN FUNDS**

