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Feds split on Perry election funds

Gov. Rick Perry and his dormant presidential campaign committee, Inc., are in the clear to create a PAC or super PAC with the remaining primary funds or to funnel those contributions to Perry's Texas committee, according to an advisory opinion released Thursday by a Federal Election Commission panel.

But the panel could not agree on what could be done with the remaining general campaign funds.

On Feb. 13, nearly a month after the Jan. 19 suspension of the campaign, Perry's campaign submitted a request to the FEC for advice as to what would be allowed by the commission if Perry decided he wanted to convert his election committee into a "non-connected PAC," or whether he would be allowed to bring any of those funds back home.

In the request, Perry's campaign detailed the steps it had already taken to keep about $270,000 in general election funds separate, and its plan to request redesignation and offer a refund from every general election contributor.

But the panel could not agree on whether such a redesignation would be enough to avoid leaving the campaign on the wrong side of current campaign finance law.

According to the campaign's latest campaign finance report, filed Tuesday, Inc. had $674,000 at the end of February after spending $78,000 on operation expenditures and refunding $116,000. It still carries $14,000 indebt.

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