Vermont Statutes § 2925 Political committees; surplus campaign funds
Statute Text
(a)
A member of a political committee that has surplus funds after all campaign debts have been paid shall not convert the surplus to personal use.
(b)
Surplus funds in a political committee's account shall be:
(1)
contributed to other candidates, political parties, or political committees subject to the contribution limits set forth in this chapter;
(2)
contributed to a charity;
(3)
contributed to the Secretary of State Services Fund; or
(4)
liquidated using a combination of the provisions set forth in subdivisions (1)-(3) of this subsection.
(c)
The "final report" of a political committee shall indicate the amount of the surplus and how it has been liquidated.
History
Added 2013, No. 90 (Adj. Sess.), § 3, eff. 1/23/2014 .
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