Section 13-247 - Disposition of surplus fundsAfter all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:
(1) if the campaign finance entity is a political committee formed to support a candidate or act for a political party: (i) the State central committee of the political party: 1. of which the candidate is a member; or2. for which the political committee is acting;(ii) the local central committee of the political party:1. of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or2. for which the political committee is acting;(iii) the legislative party caucus committee of the political party:1. of which the candidate is a member; or2. for which the political committee is acting; or(iv) the board of education of a county in which the candidate resides or which the candidate seeks to represent;(2) a nonprofit organization that provides services or funds for the benefit of pupils or teachers;(3) a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act;(4) the Fair Campaign Financing Fund established under § 15-103 of this article; or(5) a public or private institution of higher education in the State if: (i) that institution possesses a certificate of approval from the Maryland Higher Education Commission; and(ii) the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.Amended by 2019 Md. Laws, Ch. 491,Sec. 1, eff. 5/13/2019.Amended by 2018 Md. Laws, Ch. 12,Sec. 1, eff. 4/5/2018.Amended by 2016 Md. Laws, Ch. 8,Sec. 1, eff. 3/14/2016.Amended by 2015 Md. Laws, Ch. 312,Sec. 1, eff. 7/1/2015.