CORNYN LONESTAR VICTORY FUND (“JFC”) is a joint fundraising committee composed of TEXANS FOR SENATOR JOHN CORNYN (the “Campaign Committee”), ALAMO PAC (an “LPAC”), R SENATE PAC (also an “LPAC”), and NRSC (each, a “Committee,” and, collectively, the “Committees”). Any contribution to the JFC permissible under the Federal Election Campaign Act, as amended (“FECA”), from contributors who have not exceeded their applicable Federal contribution limits, shall be allocated among the Committees pursuant to FECA and the formula set forth in this Notice.
Contributions Made by an Individual or Federal Non-Multicandidate Political Committee:
Individuals or federal non-multicandidate PACs may contribute up to $325,600 ($651,200 per couple) annually. Such contributions shall be allocated in the following order:
1. Campaign Committee shall receive any contribution not exceeding $3,500 ($7,000 per couple), designating up to $3,500 ($7,000 per couple) to the Run-Off election.
2. NRSC shall receive for its Legal Proceedings Fund any contribution not exceeding $132,900 annually.
3. NRSC shall receive for its Headquarters Account any contribution not exceeding $132,900 annually.
4. NRSC shall receive for its general account any contribution not exceeding $44,300 annually.
5. One designated LPAC shall receive any contribution not exceeding $5,000 ($10,000 per couple) annually.
6. Campaign Committee shall receive any contribution not exceeding $7,000 ($14,000 per couple), designating up to $3,500 ($7,000 per couple) to the General election, and designating up to $3,500 ($7,000 per couple) to the Recount Legal Proceedings Fund, provided such limits apply.
No contributions allocated to the Campaign Committee’s general election, or recount proceedings fund, will be obligated or distributed until after the start of such an election begins AND provided that Sen. John Cornyn is a candidate in those election(s). Should Sen. John Cornyn not be a candidate in the relevant election then the funds so allocated will be reallocated to Alamo PAC, the NRSC Operating, Legal Proceedings Fund and then to the NRSC Headquarters account to the extent permissible within applicable contribution limits.
Contributions Made by a Federal Multicandidate Political Committee:
Multicandidate PACs may contribute up to $125,000 annually. Such contributions shall be allocated in the following order:
- Campaign Committee shall receive any contribution not exceeding $5,000, designating up to $5,000 to the Run-Off election.
- NRSC shall receive for its Legal Proceedings Fund any contribution not exceeding $45,000 annually.
- NRSC shall receive for its Headquarters Account any contribution not exceeding $45,000 annually.
- NRSC shall receive for its general account any contribution not exceeding $15,000 annually.
- One designated LPAC shall receive any contribution not exceeding $5,000 annually.
- Campaign Committee shall receive any contribution not exceeding $10,000, designating up to $5,000 to the General election, and designating up to $5000 to the Recount Legal Proceedings Fund, provided such limits apply.
No contributions allocated to the Campaign Committee’s general election, or recount proceedings fund, will be distributed until after the start of such an election begins AND provided that Sen. John Cornyn is a candidate in those election(s). Should Sen. John Cornyn not be a candidate in the relevant election then the funds so allocated will be reallocated to the NRSC Operating, Legal Proceedings Fund and then to the NRSC Headquarters account, to the extent permissible within applicable contribution limits.
Contributions to CORNYN LONESTAR VICTORY FUND, or to any participating Committee individually, are not deductible as charitable donations for federal income tax purposes. Contributions from corporations, labor organizations, national banks, federal government contractors, foreign nationals who are not lawfully admitted for permanent residence (non-green card holders), and other federally impermissible sources are prohibited. The contributor’s signature designates his or her contribution to the elections described above. Contributions that exceed a donor’s contribution limit to a participating Committee shall be reallocated to the remaining Committees according to this allocation formula to the extent permitted by FECA. Any contributor may designate his or her contribution to a specific participant Committee to the extent permitted by FECA. 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.
