(1)   

      (a)    A candidate who has established 2 candidate committees pursuant to s. 11.0202 (2) may transfer funds between the 2 committees as provided in this subsection.

      (b)    The first candidate committee may transfer funds to the 2nd candidate committee, subject to all of the following:

         1.    Any money contributed to the first candidate committee in a prior contribution limit period is the property of the first committee. If the first candidate committee makes a contribution to the 2nd candidate committee from funds received by the first candidate committee during a prior contribution limit period, that contribution is considered a contribution from the first candidate committee, subject to the contribution limits under s. 11.1101 (2) applicable to the 2nd candidate committee.

         2.    The first candidate committee may transfer a contribution, or any portion of a contribution, received by the first candidate committee during the current contribution limit period to the 2nd candidate committee. Such a transfer is considered a contribution from the original contributor to the first candidate committee and does not violate s. 11.1202 or 11.1204. The transfer is subject to the contribution limits under s. 11.1101 applicable to the 2nd candidate committee. A contribution or portion of a contribution that is transferred may not be included when determining whether the contributor has reached or exceeded the applicable contribution limits for the first candidate committee for the current contribution period. The 2nd candidate committee shall count all contributions directly received from the contributor and all contributions from the contributor that are transferred from the first candidate committee to determine whether a contributor has reached or exceeded the applicable contribution limits for the current contribution limit period.

      (c)    The 2nd candidate committee may only transfer funds to the first candidate committee when the 2nd candidate committee is terminating pursuant to s. 11.0105. Such a transfer is considered a contribution from the original contributor to the 2nd candidate committee and is subject to the contribution limits under s. 11.1101 that apply to contributions from the original contributor for contributions made to the first candidate committee.

   (2)   

      (a)    For a contribution under sub. (1) (b) 1., the first candidate committee shall report the contribution to the 2nd candidate committee as a disbursement to the 2nd candidate committee and the 2nd candidate committee shall report receiving the contribution from the first candidate committee.

      (b)    The candidate committees shall report a transfer under sub. (1) (b) 2. as follows:

         1.    The first candidate committee shall report receiving the contribution from the original contributor.

         2.    The first candidate committee shall report transferring the contribution as a disbursement to the 2nd candidate committee.

         3.    The 2nd candidate committee shall report receiving the contribution as if it came from the original contributor.

      (c)    With regard to a transfer under sub. (1) (c), the 2nd candidate committee shall report receiving the contribution from the original contributor and report transferring the funds to the first candidate committee as a disbursement. The first candidate committee shall report receiving the contribution as if it came from the original contributor.

      (d)    A candidate committee making a transfer as provided under this section may report the transfer as one lump sum contribution if the candidate committee provides the receiving committee a list of the contributors, all required information about those contributors, and the amount attributable to each contributor that is being transferred to the receiving committee. The transferring candidate committee shall attach the documentation described in this paragraph to its next campaign finance report.