Use of SPEC account for excess contributions to committee carrying debt


Can the candidate committee of a former candidate that is carrying debt incurred to influence the outcome of a covered election accept contributions in excess of contribution limits and transfer them to a SPEC account (i.e., a segregated pre/post-candidacy excess contribution account)?


No. A SPEC account would be a checking account connected to the same candidate committee, as opposed to a separate committee. The law explicitly prohibits acceptance of excess contributions by a former candidate committee that is carrying debt incurred to influence an election, regardless of what the committee does with the money afterwards.


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