Potential Disposition of Campaign Fund Money

The Daily Line touches on a subject that comes up once in a while, that of whether a politician can take money from his or her Political Action Committee when he or she retires.

As the years go by, the answer becomes more often, “No.”

The most experienced of those lawmakers are also eligible to take with them any campaign cash raised before June 30, 1998, to use however they want — even for personal endeavors.

1999 campaign finance reform law prohibited the spending of money in a political action committee on any personal pursuits for money raised after June 30, 1998. Any money that came in or political action committees formed after that date had to honor that law and could only be spent on political or governmental purposes, given away to charity or be returned to donors.

The four local politicians withe the most money in their campaign funds are

Neither Althoff nor Franks had a campaign fund on the cutoff date in the 1999 law.

On June 30, 1998, here are the totals in the other two PACs:

Income tax must be paid on any pre-June, 1998, money taken for personal purposes.


Comments

Potential Disposition of Campaign Fund Money — 5 Comments

  1. I like how you write about yourself as if its not you writing about yourself.

  2. So cal. Did you pay income tax on your 4,000?

    What a scam you have run while shaming other folks.

  3. I have taken no money from my campaign fund for personal use. All used to help others’ campaigns.

    You can verify that by researching my campaign finance reports.

  4. Hmmm over Half million dollars in Franks campaign.iI never heard whether he was going to give back the money donated to him by federally charged cohort Ed Burke?

  5. Tom, you are the scab-scammer.

    Just face it.

    How much does Jack pay you for your trolling.

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