Vermont Statutes Title 17 Sec. 2925
Terms Used In Vermont Statutes Title 17 Sec. 2925
- Campaign: means any organized or coordinated activity undertaken by two or more persons, any part of which is designed to influence the nomination, election, or defeat of any candidate or the passage, defeat, or modification of any public question. See
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Contribution: means a payment, distribution, advance, deposit, loan, or gift of money or anything of value, paid or promised to be paid for the purpose of influencing an election, advocating a position on a public question, or supporting or opposing one or more candidates in any election. See
- Secretary: means the Secretary of State. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 2925. Political committees; surplus campaign funds
(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. (Added 2013, No. 90 (Adj. Sess.), § 3, eff. Jan. 23, 2014.)