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6.1720 Disposition of funds.

Cite as [A.S.C.A. § 6.1720 ]

(a) Candidates who withdraw or cease to be candidates or committees direct1y associated with these candidates, individuals who receive contributions but fail to file for nomination, or committees or parties which discontinue their activities covered in this chapter, shall return any residual contributions proportionately to the donors if their identities are known. This subsection does not apply to elected officials or candidates who failed to be elected.

(b) If no donors are found, the residual contributions shall be contributed to the campaign fund of any candidate, or to any party, charity, or nonprofit organization or escheated to the Territory.

(c) Upon disposition, the candidate or campaign treasurer shall file a report with the commission reporting the amounts distributed under this section and the manner of disposition.

History: 1977, PL 15-32 § 1.