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2016 Postmortem
Related: About this forumJust a question... Sorry a bit niave here.
If someone does drop out of the democratic primary (I don't think anyone should, or will) what happens to their cash on hand?
Thanks.
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Just a question... Sorry a bit niave here. (Original Post)
Agschmid
Mar 2016
OP
It can go to charity. It can go to political parties (but not candidates)
ScreamingMeemie
Mar 2016
#2
Jon Ace
(243 posts)1. Surplus funds may be used in connection with a future election.
Surplus funds may be used in connection with a future election. Funds may be transferred between authorized committees of the same candidate (for example, from a previous campaign committee to a current campaign committee) without limit as long as the committee making the transfer has no net debts outstanding. CFR 110.3(c) and 116.2(c)(2). Alternatively, a candidate may redesignate a former campaign committee as the principal campaign committee of his or her current campaign and use the excess funds of the previous campaign in the current campaign.
Pages 51-57 of the FECs Campaign Guide for Congressional Candidates and Committees (http://www.fec.gov/pdf/candgui.pdf) discuss the permissible, personal and prohibited uses of campaign funds. Pages 117-121 discuss winding down activity.
http://www.moneytalksnews.com/what-happens-to-leftover-campaign-cash/
ScreamingMeemie
(68,918 posts)2. It can go to charity. It can go to political parties (but not candidates)
So Hillary or Bernie could donate their leftovers to the Dem party. It can be saved for a future run.
Same $2000 rule applies if money is donated to an actual candidate.
Agschmid
(28,749 posts)4. Thanks.
metroins
(2,550 posts)3. It would be amazing
If they gave it back to their donors.
I think it's wrong to keep collecting donations if there is no realistic chance of winning.
Agschmid
(28,749 posts)5. I never seen that happen, would be cool to see.
But LIFO or FIFO?
The candidate had a chance during the FIFO donations.