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§ 13-247. Disposition of surplus funds

West's Annotated Code of MarylandElection LawEffective: May 13, 2019

West's Annotated Code of Maryland
Election Law (Refs & Annos)
Title 13. Campaign Finance (Refs & Annos)
Subtitle 2. Campaign Finance Organization and Activity (Refs & Annos)
Part VIII. Expenditures--Miscellaneous Provisions
Effective: May 13, 2019
MD Code, Election Law, § 13-247
Formerly cited as MD CODE Art. 33, § 13-206
§ 13-247. Disposition of surplus funds
Currentness
After all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:
(1) if the campaign finance entity is a political committee formed to support a candidate or act for a political party:
(i) the State central committee of the political party:
1. of which the candidate is a member; or
2. for which the political committee is acting;
(ii) the local central committee of the political party:
1. of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or
2. for which the political committee is acting;
(iii) the legislative party caucus committee of the political party:
1. of which the candidate is a member; or
2. for which the political committee is acting; or
(iv) the board of education of a county in which the candidate resides or which the candidate seeks to represent;
(2) a nonprofit organization that provides services or funds for the benefit of pupils or teachers;
(3) a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act;1
(4) the Fair Campaign Financing Fund established under § 15-103 of this article; or
(5) a public or private institution of higher education in the State if:
(i) that institution possesses a certificate of approval from the Maryland Higher Education Commission; and
(ii) the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.

Credits

Added by Acts 2002, c. 291, § 4, eff. Jan. 1, 2003. Amended by Acts 2015, c. 312, § 1, eff. July 1, 2015; Acts 2016, c. 8, § 1, eff. March 14, 2016; Acts 2018, c. 12, § 1, eff. April 5, 2018; Acts 2019, c. 491, § 1, eff. May 13, 2019.
Formerly Art. 33, § 13-206.

Footnotes

1
Business Regulation § 6-101 et seq.
MD Code, Election Law, § 13-247, MD ELEC LAW § 13-247
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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