Bill Text: FL S0814 | 2020 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Disposition of Surplus Funds by Candidates

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2020-03-11 - Laid on Table, refer to CS/HB 491 [S0814 Detail]

Download: Florida-2020-S0814-Introduced.html

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       Florida Senate - 2020                                     SB 814
       
       
        
       By Senator Perry
       
       
       
       
       
       8-01021-20                                             2020814__
    1                        A bill to be entitled                      
    2         An act relating to the disposition of surplus funds by
    3         candidates; amending s. 106.141, F.S.; prohibiting a
    4         candidate from donating surplus funds to a charitable
    5         organization that employs the candidate; providing an
    6         effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Paragraph (a) of subsection (4) of section
   11  106.141, Florida Statutes, is amended to read:
   12         106.141 Disposition of surplus funds by candidates.—
   13         (4)(a) Except as provided in paragraph (b), any candidate
   14  required to dispose of funds pursuant to this section shall, at
   15  the option of the candidate, dispose of such funds by any of the
   16  following means, or any combination thereof:
   17         1. Return pro rata to each contributor the funds that have
   18  not been spent or obligated.
   19         2. Donate the funds that have not been spent or obligated
   20  to a charitable organization or organizations that meet the
   21  qualifications of s. 501(c)(3) of the Internal Revenue Code,
   22  except that the candidate may not be employed by the charitable
   23  organization to which he or she donates the funds.
   24         3. Give not more than $25,000 of the funds that have not
   25  been spent or obligated to the affiliated party committee or
   26  political party of which such candidate is a member.
   27         4. Give the funds that have not been spent or obligated:
   28         a. In the case of a candidate for state office, to the
   29  state, to be deposited in either the Election Campaign Financing
   30  Trust Fund or the General Revenue Fund, as designated by the
   31  candidate; or
   32         b. In the case of a candidate for an office of a political
   33  subdivision, to such political subdivision, to be deposited in
   34  the general fund thereof.
   35         Section 2. This act shall take effect July 1, 2020.