Maryland Statutes
Part VIII - Expenditures -- Miscellaneous Provisions
Section 13-247 - Disposition of Surplus Funds

After 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; or
                2.    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; or
                2.    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; or
                2.    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.

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