(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.) § 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.)
Vermont Legal Code