LIEberman's Loophole on $387,000 of Petty Cash

[REACTIVATED IN CT]

LIEberman has indeed found a loophole in the Federal campaign finance laws. While a PAC has to keep a Petty Cash journal, there is no requirement to produce its contents - unless the FEC wants to examine it.
Way to go, Holy Joe ! Just what are you hiding ?


"Tammy Sun, spokeswoman for Lieberman, said the campaign has done nothing wrong.

"We are in full compliance with the FEC’s disclosure requirements, have done nothing wrong, and there’s not a shred of evidence to suggest otherwise. We will not be going beyond the law to release the journal simply because Ned Lamont has some kooky conspiracy theory," Sun said.

Kelly Huff, a spokeswoman for the FEC, would not comment on any specifics of this case, but said all federal campaigns are required to keep a journal of petty cash expenditures.

"A political committee may maintain a petty cash fund out of which it may make expenditures not in excess of $100 to any person or purchase or transaction," Huff said.

It has to keep track of those expenditures in a written journal, including the name and address of the person to whom the disbursement is made, as well as the date and amount.

It does not have to make the journal public, Huff said. It only has to be available to agencies, like the FEC, if it needs to examine it.

She said, however, that disbursements by check over $200 aggregate in a year need to be listed publically in a FEC filing. It was unclear if cash payments made each day under $100 a day to volunteers fell under the $200 aggregate rule. "

http://www.nhregister.com/site/news.cfm?newsid=17367888&BRD=1281&PAG=461&dept_id=31007&rfi=6

[femmedem]

1. Tammy Sun to public:

"We have the journal and you don't. Therefore, you don't have any evidence of wrongdoing. So there."