House Bill No. introduced by R. Gregg aims to revise the laws regarding surplus campaign funds for legislative candidates. The bill amends Section 13-37-240 of the Montana Code Annotated (MCA) to allow legislative candidates to contribute up to $10,000 in surplus campaign funds to their own future campaigns within 120 days after filing their closing campaign report. This contribution is classified as a personal contribution from the candidate rather than from any original contributors of the past campaign, and candidates are prohibited from treating this contribution as a loan.

Additionally, the bill clarifies that candidates must provide a supplement to their closing campaign report detailing the disposition of any surplus funds. It also defines "personal benefit" to mean any use that provides a direct or indirect benefit to the candidate or their immediate family. The changes aim to provide more flexibility for candidates in managing their surplus funds while ensuring transparency in campaign finance.

Statutes affected:
LC Text: 13-37-240
HB0789_1(1): 13-37-240
HB0789_1(2): 13-37-240
HB0789_1: 13-37-240