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Richardson’s PAC files as tax-exempt, but is it in time?

Richardson's PAC files as tax-exempt, but is it in time?
February 4, 2010 --

Glenn Richardson‘s political action committee registered as tax-exempt Tuesday, but it’s not clear whether that will defuse an investigation into his transfer of $219,915 in leftover campaign cash to the committee. The State Ethics Commission is looking into the payment of that money from Richardson’s campaign account to the MMV Alliance Fund on New Year’s Eve. The question is: Would a tax-exempt filing in February allow MMV to accept a couple hundred thousand dollars in campaign money five weeks earlier?