S0178B0658A00941 LKK:EJH 04/30/19 #90 A00941
AMENDMENTS TO SENATE BILL NO. 178
Sponsor: SENATOR COSTA
Printer's No. 658
Amend Bill, page 1, line 15, by inserting after "use"
, for residual funds
Amend Bill, page 3, line 19, by inserting after "(b)"
, 1630
Amend Bill, page 5, by inserting between lines 2 and 3
Section 1630. Residual Funds.--
(a) In the event that a candidate or political committee
terminates its financial activity as such, then the disbursement
of any residual funds remaining in such an account shall be made
in the following manner:
(1) any such funds may be used for any expenditure as
defined by this article; [and]
(2) may be returned, pro rata, to the contributors by the
candidate or treasurer of the political committee[. A final
report must be made by the next January 31 in accordance with
section 1627.]; or
(3) may be donated to a nonprofit organization.
(b) A final report must be made by the next January 31 in
accordance with section 1627.
(c) For purposes of this section:
(1) "Affiliated" means serving as an officer of, on the
board of directors of, as a paid employee of or a contractor of
a nonprofit organization.
(2) "Family member" means a spouse or child.
(3) "Nonprofit organization" means an organization that is
qualified by the Internal Revenue Service as meeting the
requirements of section 501(c)(3) of the Internal Revenue Code
of 1986 (Public Law 99-514, 26 U.S.C. 501(c)(3)) organized under
the laws of this Commonwealth and is not affiliated with a
candidate or the chairman or treasurer of a political committee,
including a family member of the candidate, chairman or
treasurer.
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