Where does Clark's $700,000 go...

[Jack_Dawson]

from last week? Just wonderin'. He can keep my $50 it's not about the money...I'm just curious that's all.

I miss General Clark.

:beer:

[Renew Deal]

1. Pay bills

Whatever is left goes into some account.

[WillyBrandt]

2. Legally, it has to all be spent at strip clubs

[King of New Orleans]

5. Man

are campaign finance laws cushy or what?

[Lefta Dissenter]

7. It's nice to have a reason to chuckle once in a while...

thanks for that one. :)

[King of New Orleans]

3. Probably already spent

Maybe he'll have enough to give campaign employees two weeks pay.

[wndycty]

4. Debt. . .

. . .I am sure he is going to have to keep raising funds for a while.

[LuminousX]

6. Whatever is left

can be saved for future attempts at federal elections... Clark '08 He'll be back.

[Leilani]

8. I bet it will all be spent on bills

Remember, his staff took a voluntary pay free week so he could run ads.

[Mattforclark]

9. I think it can also be donated to charities, maybe the DNC

the donating leftover funds to the party may have been changed with campaign finance reform though.

[arewethereyet]

10. whatever is left is his to do with as he pleases

[eyesroll]

11. Legally:

1. He pays off what he owes. This includes regular debt, but also staff salaries, "winding down" expenses, early-termination penalties on leases or phone contracts, etc. Chances are, he won't have much money after that. BUT, if he does, he can do any or all of the following --
2. He can contribute to the DNC, state parties, other federal candidiates (in various amounts, limited by law)
3. Keep his committee open and active for a possible VP slot, '08 run or House/Senate race
4. Contribute unlimited amounts to charities (they must be tax-exempt charities, so he can't give to DU or to MoveOn or anything like that)

Clark's announcement that he withdrew yesterday doesn't mean anything to the FEC. He's still a candidate in their eyes, and can still continue to collect and disburse funds, until he files a termination report.