Maryland Statutes § 13-247 Disposition of surplus funds
Statute Text
After all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:
(1)
if the campaign finance entity is a political committee formed to support a candidate or act for a political party:
(i)
the State central committee of the political party:
1.
of which the candidate is a member; or
2.
for which the political committee is acting;
(ii)
the local central committee of the political party:
1.
of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or
2.
for which the political committee is acting;
(iii)
the legislative party caucus committee of the political party:
1.
of which the candidate is a member; or
2.
for which the political committee is acting; or
(iv)
the board of education of a county in which the candidate resides or which the candidate seeks to represent;
(2)
a nonprofit organization that provides services or funds for the benefit of pupils or teachers;
(3)
a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act;
(4)
the Fair Campaign Financing Fund established under §
15-103
of this article; or
(5)
a public or private institution of higher education in the State if:
(i)
that institution possesses a certificate of approval from the Maryland Higher Education Commission; and
(ii)
the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.
History
Amended by 2019 Md. Laws, Ch. 491 , Sec. 1 , eff. 5/13/2019 .
Amended by 2018 Md. Laws, Ch. 12 , Sec. 1 , eff. 4/5/2018 .
Amended by 2016 Md. Laws, Ch. 8 , Sec. 1 , eff. 3/14/2016 .
Amended by 2015 Md. Laws, Ch. 312 , Sec. 1 , eff. 7/1/2015 .
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