§ 2804 - Surplus campaign funds - Vermont Statutes

§ 2804. Surplus campaign funds

(a) No member of a political committee which has surplus funds after all campaign debts have been paid shall convert the surplus to personal use.

(b) No candidate who has surplus funds after all campaign debts have been paid shall convert the surplus to personal use, other than to reduce personal campaign debts.

(c) Surplus funds in a political committee's or candidate's account after payment of all campaign debts may be contributed to other candidates, political parties, or political committees subject to the contribution limits set forth in this chapter or may be contributed to a charity.

(d) The "final report" of a candidate shall indicate the amount of the surplus and how it has been or is to be liquidated. (Added 1981, No. 197 (Adj. Sess.), § 1, eff. date, see note set out below; amended 2005, No. 62, § 5.)