|Posted:||December 22, 2020 12:44 PM|
|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 1038 from the 2017-18 legislative 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 1038 passed the Senate unanimously in 2018.
Please join me in cosponsoring this legislation.
Introduced as SB862