Bill 42

                    Current Status

Introducing Body:               Senate
Bill Number:                    42
Primary Sponsor:                Passailaigue
Committee Number:               05
Type of Legislation:            GB
Subject:                        Campaign funds, limited use
                                of
Residing Body:                  Senate
Current Committee:              Ethics
Computer Document Number:       42
Introduced Date:                Jan 08, 1991
Last History Body:              Senate
Last History Date:              Jan 08, 1991
Last History Type:              Introduced and read first time,
                                referred to Committee
Scope of Legislation:           Statewide
All Sponsors:                   Passailaigue
Type of Legislation:            General Bill

 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 42    Senate  Jan 08, 1991  Introduced and read first       05
                             time, referred to Committee
 42    Senate  Sep 10, 1990  Prefiled, referred to           05
                             Committee

A BILL

TO AMEND TITLE 8, CHAPTER 13, RELATING TO ETHICS SO AS TO LIMIT THE USE OF CAMPAIGN FUNDS AND TO PROVIDE FOR THE DISTRIBUTION OF ANY SURPLUS FUNDS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Title 8, Chapter 13 of the 1976 Code is amended by adding:

"Section 8-13-670. (A) No candidate for public office may use their campaign funds for any purpose other than to finance their election campaign or reelection campaign for that same office. Legitimate expenditures from a campaign fund are those directly related to a political, legislative, or governmental purpose.

(B) Any surplus remaining in a candidate's campaign fund after the election and legitimate expenses have been paid must be distributed, within ninety days of the close of the filing period for that same office and for which the candidate did not file, to a charitable tax-exempt organization as defined under Section 501(c)(3) of the Internal Revenue Code of 1954, as from time to time amended. However, no candidate or candidate committee may distribute such surplus to a committee which has been established to finance future political campaigns of the candidate other than a campaign for reelection.

SECTION 2. This act takes effect upon approval by the Governor.