Laurel Lee Victory Fund (“JFC”) is a joint fundraising committee composed of Laurel Lee for Congress, Inc. (the “Campaign”), Florida Freedom Fund PAC (the “LPAC”), and NRCC (each, a “Committee,” and, collectively, the “Committees”).
Contributions or gifts to JFC, or any participating Committee individually, are not deductible as charitable contributions for federal income tax purposes.
All contributions permissible under FECA, but which would cause a contributor to exceed any applicable Federal contribution limit to a specific Committee, shall be reallocated to the remaining Committees according to this allocation formula to the extent permitted by FECA. Any contribution that would otherwise cause a contributor to exceed any applicable Federal contribution limit or that is otherwise impermissible under FECA shall be refunded to the contributor. Any contributor may designate his or her contribution to a specific participating Committee, to the extent permissible by FECA. Any contributor may make his or her contribution directly payable to any Committee participating in JFC. Any such designated contribution that causes the contributor to exceed the contribution limit to the designated Committee shall not be reallocated by JFC absent the prior written permission of the contributor as required by law.
Contributions from corporations, foreign nationals (without “green cards”), federal government contractors, and other federally impermissible sources are prohibited. No contributions to the NRCC Building Fund or the NRCC Legal Fund will be used to influence any federal election.
The maximum an individual or a federal non-multicandidate political committee may contribute to JFC is $263,400. The maximum amount a federal multi-candidate political action committee may contribute to JFC is $115,000. Federal law requires us to use our best efforts to collect and report the name, mailing address, occupation, and name of employer of each individual whose aggregate contributions exceed $200 in an election cycle or calendar year, as applicable.
Contributions to JFC shall be allocated as follows:
1. The first $2,900 from any single individual’s contribution shall go to Laurel Lee for Congress, Inc.’s general election account. The next $5,000 shall go to Florida Freedom Fund PAC. The next $36,500 shall go to the NRCC. The next $109,500 shall go to the NRCC Legal Fund. Any remaining funds up to $109,500 shall go to the NRCC Building Fund.
2. The first $5,800 from any joint individual contribution shall go to Laurel Lee for Congress, Inc.’s general election account. The next $10,000 shall go to Florida Freedom Fund PAC. The next $73,000 shall go to the NRCC. The next $219,000 shall go to the NRCC Legal Fund. Any remaining funds up to $219,000 shall go to the NRCC Building Fund.
3. The first $2,900 from any non-multicandidate PAC’s contribution shall go to Laurel Lee for Congress, Inc.’s general election account. The next $5,000 shall go to Florida Freedom Fund PAC. The next $36,500 shall go to the NRCC. The next $109,500 shall go to the NRCC Legal Fund. Any remaining funds up to $109,500 shall go to the NRCC Building Fund.
4. The first $5,000 from any federal multicandidate PAC contribution shall go to Laurel Lee for Congress, Inc.’s general election account. The next $5,000 shall go to Florida Freedom Fund PAC. The next $15,000 shall go to the NRCC. The next $45,000 shall go to the NRCC Legal Fund. Any remaining funds up to $45,000 shall go to the NRCC Building Fund.