What are the rules regarding political action committees?
A political action committee (PAC) is an organization created to raise money to support or oppose a political candidate or measure. In North Carolina, PACs are governed by the State Board of Elections and must register their committee with the board to receive funds. There are certain rules PACs must abide by such as filing reports with the Board on how they spend the money. In North Carolina, PACs must follow certain limitations on how much money they can spend in support of a candidate or measure. Funds used for independent political expenditures such as advertising must come from a separate account separate from the primary account used for contributions to candidates and political committees. PACs are also limited in the amount of money they can give to a candidate or committee. Another important rule applicable to PACs in North Carolina is disclosure of the sources of the money. Anyone donating over $500 must disclose their name, address, and occupation. Similarly, any funds received from foreign nationals or corporations must be detailed in the PAC’s disclosure report. Failure to comply with these disclosure rules can result in penalties. Finally, PACs must comply with certain bans such as the ban on corporate contributions and the ban on coordinated expenditures. These rules are intended to ensure that PACs do not gain unfair advantages in elections and that the sources of their funds are transparent.
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