September 14, 2006, Introduced by Rep. Ward and referred to the Committee on House Oversight, Elections, and Ethics.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
by amending section 45 (MCL 169.245), as amended by 1996 PA 590.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
45. (1) A person may shall
not transfer any
unexpended funds
money from 1 candidate committee to another
candidate
committee. of that person if the contribution limits
prescribed
in section 52 or 69 for the candidate committee
receiving
the funds are equal to or greater than the contribution
limits
for the candidate committee transferring the funds and if
the
candidate committees are simultaneously held by the same
person.
The funds being transferred shall not be considered a
qualifying
contribution regardless of the amount of the individual
contribution
being transferred.
(2) If a holder of an elective office is constitutionally or
legally barred from seeking reelection to that office or becomes a
candidate for another elective office, unexpended money in the
office holder's candidate committee shall be expended only for 1 or
more of the following purposes:
(a) Repayment of a loan to the committee.
(b) Payment of an incidental expense of the elective office.
(3) (2)
Upon termination of a candidate committee,
unexpended funds
money in the candidate committee that
are not
eligible
for transfer to another candidate committee of the person
under
subsection (1) shall be disbursed as follows:
(a) Given to a political party committee.
(b) Given to a tax exempt charitable organization, as long as
the candidate does not become an officer or director of or receive
compensation, either directly or indirectly, from that
organization.
(c)
Returned to the contributors of the
funds upon
termination
of the campaign committee money.
(d) If the person was a candidate for the office of state
representative, given to a house political party caucus committee.
(e) If the person was a candidate for the office of state
senator, given to a senate political party caucus committee.
(f) Given to an independent committee.
(g) Given to a ballot question committee.