16-915.01 - Arizona Statutes

16-915.01. Disposal of surplus monies; transfer of debt A. A political committee shall dispose of surplus monies only as follows: 1. Retain surplus monies for use in a subsequent election, which includes a transfer by an individual's exploratory committee or a candidate's campaign committee to that individual's subsequent exploratory committee or that candidate's campaign committee designated for a subsequent election. 2. Return surplus monies to the contributor to the extent records are available permitting such return. 3. Contribute surplus monies to the county, state or local committee of a political party. 4. Donate the surplus monies to a charitable organization that qualifies under section 501(c)(3) of the United States internal revenue code. 5. In the case of a political committee other than an individual's exploratory committee or a candidate's committee, contribute surplus monies to a candidate's campaign committee if the contribution is within the limitations of section 16-905. 6. Donate surplus monies to a political committee other than an individual's exploratory committee or to a candidate's campaign committee. 7. Dispose of the surplus monies in any other lawful manner. B. Surplus monies shall not be used for or converted to the personal use of the designating individual, in the case of an individual's exploratory committee, or a candidate, in the case of a candidate's campaign committee, or any person related to the candidate by blood or marriage. Nothing in this subsection precludes the repayment of a loan made by the designating individual or candidate to his campaign. C. An individual's exploratory committee or a candidate's campaign committee may transfer its debts and obligations to that individual's subsequent exploratory committee or that candidate's campaign committee designated for a subsequent election.