LD 2183
pg. 23
Page 22 of 25 An Act to Clarify Provisions of the Laws Administered by the Commission on Gove... Page 24 of 25
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LR 923
Item 1

 
D.__Its assets do not exceed $50.

 
The termination report must show any contributions or
expenditures made by the committee from the completion date of
the previous report to the date of termination.__If a termination
report is not filed, the committee must continue to file periodic
reports as required in this chapter.

 
2.__Post-campaign reports.__A political action committee with
a surplus or deficit in excess of $50 must continue to file
reports as required in this subchapter until the surplus or
deficit is eliminated.

 
3.__Disposition of surplus.__A political action committee may
dispose of a surplus exceeding $50 only by:

 
A.__Pro rata distribution to the political action
committee's contributors;

 
B.__A gift to a qualified political party within the State,
including any county or municipal subdivision of that party;

 
C.__An unrestricted gift to the State;

 
D.__Contributing to one or more candidates registered under
section 1013-A or qualified under sections 334, 336, 354 and
355 or to political committees established to promote the
election of those candidates, provided that the amount
contributed does not exceed the contribution limits
established by section 1015;

 
E.__Repaying any loans or retiring any debts incurred to
defray campaign expenses; or

 
F.__Making a gift to a charitable or educational
organization that is not prohibited for tax reasons from
receiving that gift.

 
Sec. 39. 21-A MRSA §1062-A, sub-§2, ¶¶A and B, as enacted by PL 1995, c.
483, §21, are amended to read:

 
A. A valid personal emergency of the committee treasurer,
such as a personal illness or, death in the immediate family
or other personal emergency determined by the commission to
warrant waiver of the penalty in whole or in part; or

 
B. An error by the commission staff.; or

 
Sec. 40. 21-A MRSA §1062-A, sub-§2, ¶C is enacted to read:


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