(a) A member of a political committee or an independent expenditure-only 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.
§ § 2925Political committees; surplus campaign funds
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