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2017 SESSION

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HB 1446 Campaign finance; permitted use of excess funds.

Introduced by: Marcus B. Simon | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Campaign finance; permitted use of excess funds. Provides that contributions received by a candidate or his campaign committee that are in excess of the amount necessary to defray his campaign expenditures may be disposed of only by transferring for use in a succeeding election, returning to a contributor, donating to a charitable organization, contributing to another candidate, political committee, or political party committee, or defraying ordinary, nonreimbursed expenses related to the elective office. The bill also prohibits the conversion of any contributed moneys, securities, or like intangible personal property to personal use. Under current law, the same provisions governing the use of excess contributed funds apply only in the context of filing a final campaign finance report.


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