Posted: | December 13, 2022 12:29 PM |
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From: | Senator Jay Costa |
To: | All Senate members |
Subject: | Use of Political Action Committee Residual Funds |
In the near future, I will be re-introducing Senate Bill 862 from last session to allow the residual funds of terminated political action committees (PAC's) to be donated to non-profit organizations. Under current law, the Election Code requires that the funds remaining in the account of a terminated PAC can only be used for campaign expenses or distributed back to campaign donors. My legislation would provide a third opportunity by allowing for money to be donated to non-profit organizations. The bill prohibits the donation of these funds to a non-profit organization that has an affiliation with the candidate or a PAC officer. Senate Bill 862 passed the Senate State Government Committee unanimously in 2021. Please join me in cosponsoring this legislation. Previous co-sponsors include Senators Fontana, Santarsiero, Phillips-Hill, Schwank, Tartaglione, Comitta, Cappelletti, and Street. |
Introduced as SB218