http://www.washingtonpost.com/wp-dyn/content/article/2006/04/03/AR2006040302145_pf.htmlDeLay has assembled a substantial legal team to fight back, and he has a defense fund -- financed largely by corporations with business before Congress -- that contained more than $600,000 at the end of last year, based on the cumulative record of its receipts and contributions. But contributions to the fund dropped from $318,000 to $181,500 between the third and fourth quarters of 2005.
DeLay, who is withdrawing from his reelection bid, also is entitled under federal election rules to convert any or all of his remaining campaign funds to his legal expenses, whether or not he resigns, is indicted or loses the election. Election lawyers say one advantage of bowing out of the election now is that the campaign cash can be converted to pay legal bills immediately, instead of being drained in the course of a bid to stay in office.
As of Feb. 15, when his campaign filed its most recent report with the Federal Election Commission, DeLay had $1,295,350 on hand. But that was two weeks before the Texas primary in which DeLay bested three Republican rivals to win renomination, and the pot of money available to DeLay now may be considerably less.
By stepping aside so early in an election year, a lawmaker "wouldn't be spending to be reelected" and could transfer the funds immediately to fend off any federal charges, said lawyer Kenneth A. Gross, a former head of the FEC's enforcement division. The last lawmaker to gain the FEC's formal approval for such a transfer was Rep. Randy "Duke" Cunningham (R-Calif.), who resigned last November after pleading guilty to evading taxes and accepting bribes.
Hmmmmm
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