Possibly, according to Atlanta Unfiltered.
As we’ve previously noted, just before the New Year on Glenn Richardson’s last day as Speaker of the Georgia House, he moved the remaining $219,915 in his re-election bank account to the MMV Alliance Fund. The fund filed its 2010 registration on December 30 naming Richardson as its new chairman. This meant that he could use the remaining funds for whatever purpose he wanted, without consequence. At least, that’s what we thought.
One potential problem: MMV does not appear to be among the organizations that may legally accept unused campaign contributions. Under Georgia law, political campaigns may give excess funds to IRS-recognized charities; educational, philanthropic and non-profit organizations; other candidates; or political parties.
MMV, a political action committee created in 2004, is none of those. It is not registered as a corporation in Georgia, non-profit or otherwise; a spokesman for the Georgia Secretary of State said late Thursday that the agency had received no request from MMV to register as a corporation. Nor does the committee show up in the IRS’s searchable database of tax-exempt groups.
Gov. Sonny Perdue, barred by law from seeking a third term this year, did much the same as Richardson a few years ago, when he transferred a little over $787,000 from his campaign account to PerduePAC. A key difference: the governor registered PerduePAC as a non-profit corporation first.
Perdue had asked the Ethics Commission in early 2007 whether campaign money could be transferred to a non-profit with “PAC” in its name.
Glenn, give us a shout out on the ‘ol Tip Line and feel free to explain how this is just so, so wrong.