Bill Text: FL S1428 | 2019 | 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: Slight Partisan Bill (Republican 2-1)

Status: (Failed) 2019-05-03 - Died in Rules [S1428 Detail]

Download: Florida-2019-S1428-Introduced.html

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       Florida Senate - 2019                                    SB 1428
       
       
        
       By Senator Perry
       
       
       
       
       
       8-01394-19                                            20191428__
    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, or the candidate’s spouse, parent, child,
    5         or sibling, from receiving anything of value in
    6         exchange for a donation of surplus funds to a
    7         charitable organization; providing an effective date.
    8          
    9  Be It Enacted by the Legislature of the State of Florida:
   10  
   11         Section 1. Paragraph (a) of subsection (4) of section
   12  106.141, Florida Statutes, is amended to read:
   13         106.141 Disposition of surplus funds by candidates.—
   14         (4)(a) Except as provided in paragraph (b), any candidate
   15  required to dispose of funds pursuant to this section shall, at
   16  the option of the candidate, dispose of such funds by any of the
   17  following means, or any combination thereof:
   18         1. Return pro rata to each contributor the funds that have
   19  not been spent or obligated.
   20         2. Donate the funds that have not been spent or obligated
   21  to a charitable organization or organizations that meet the
   22  qualifications of s. 501(c)(3) of the Internal Revenue Code. If
   23  a donation is made to any charitable organization, the
   24  candidate, or the candidate’s spouse, parent, child, or sibling,
   25  may not receive, either directly or indirectly, anything of
   26  value, including a gift, loan, reward, promise of future
   27  employment, favor, or service, in exchange for such donation.
   28         3. Give not more than $25,000 of the funds that have not
   29  been spent or obligated to the affiliated party committee or
   30  political party of which such candidate is a member.
   31         4. Give the funds that have not been spent or obligated:
   32         a. In the case of a candidate for state office, to the
   33  state, to be deposited in either the Election Campaign Financing
   34  Trust Fund or the General Revenue Fund, as designated by the
   35  candidate; or
   36         b. In the case of a candidate for an office of a political
   37  subdivision, to such political subdivision, to be deposited in
   38  the general fund thereof.
   39         Section 2. This act shall take effect July 1, 2019.