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Good Question:When a presidential candidate drops out of the race who gets the money left in the war chest?


Right now Kentucky politicians are ramping up for the November election, on the national front the stage is being set for an upcoming Presidential Primary in 2012.

Good Question: Ollie-Hazard :When a presidential candidate drops out of the race who gets the money left in the war chest?

Running for national or state office takes a lot of money these days.

2008 saw the costliest election in history, between congressional races and the presidential ticket more than five billion dollars was spent.

For that reason, candidates spend a lot of time raising campaign dollars to pad their war chest, but it can go fast.

In early August former Minnesota Governor Tim Pawlenty dropped out of the GOP race for president.

Pawlenty had raised just over four million dollars, if he had any left over where does it go?

State and local governments have their own rules, but candidates running for federal office have to abide by strict Federal Election Commission rules.

The political site, Fact Check.org, says the simple answer is that "left over" money typically goes to pay off bills and debts.

If candidates end up with surplus funds they are allowed to donate to a charity or political committee.

Former candidates can also donate to other candidates, but there is a limit, $2000 per election candidate.

What candidates cannot do, is use leftover money for themselves, that was made law in 1989 with the Ethics Reform Act.


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