This post is from an article by Anna North in the New York Times Opinion Pages.
Mostly, it’s up to the super PAC.
Much of whatever the group does raise will no doubt be spent on ads and the like. But if a super PAC finds itself with money left over when a campaign is done, what happens to that excess cash?
“Super PACs have fairly broad discretion on what they can do with excess funds,” says Robert Kelner, chair of the Election and Political Law Practice Group at the law firm Covington & Burling. They can transfer them to a charitable organization, use them for wind-down expenses like clearing out offices or filing reports, or pay consulting fees. They can’t use leftover money to make contributions to a candidate for federal office.
Depending on state law, though, they may be able to contribute to state-level candidates. So, in theory, a super PAC set up for a candidate’s presidential race could use leftover funds to back that candidate in a state election, or to support other candidates or causes.
CLICK HERE to read the article.
NYC Wins When Everyone Can Vote! Michael H. Drucker
Technorati Tag in Del.icio.us 
No comments:
Post a Comment