Florida Senate - 2019 CS for SB 1428 By the Committee on Ethics and Elections; and Senators Perry and Baxley 582-03290-19 20191428c1 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 serving as a principal of a 6 charitable organization that receives surplus funds or 7 from receiving a direct financial benefit from such 8 organization in exchange for the donation of surplus 9 funds; providing an effective date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Paragraph (a) of subsection (4) of section 14 106.141, Florida Statutes, is amended to read: 15 106.141 Disposition of surplus funds by candidates.— 16 (4)(a) Except as provided in paragraph (b), any candidate 17 required to dispose of funds pursuant to this section shall, at 18 the option of the candidate, dispose of such funds by any of the 19 following means, or any combination thereof: 20 1. Return pro rata to each contributor the funds that have 21 not been spent or obligated. 22 2. Donate the funds that have not been spent or obligated 23 to a charitable organization or organizations that meet the 24 qualifications of s. 501(c)(3) of the Internal Revenue Code. If 25 a donation is made to any charitable organization, the 26 candidate, or the candidate’s spouse, parent, child, or sibling, 27 may not be a principal of the organization, and he or she may 28 not receive a direct benefit in the form of compensation, such 29 as any earnings, stipend, tips, or paid employment, from the 30 organization in exchange for such donation. 31 3. Give not more than $25,000 of the funds that have not 32 been spent or obligated to the affiliated party committee or 33 political party of which such candidate is a member. 34 4. Give the funds that have not been spent or obligated: 35 a. In the case of a candidate for state office, to the 36 state, to be deposited in either the Election Campaign Financing 37 Trust Fund or the General Revenue Fund, as designated by the 38 candidate; or 39 b. In the case of a candidate for an office of a political 40 subdivision, to such political subdivision, to be deposited in 41 the general fund thereof. 42 Section 2. This act shall take effect July 1, 2019.