Former House Speaker Glenn Richardson must pay a $500 fine, but his political fund may keep $219,915 that was transferred improperly from his campaign account last year, the State Ethics Commission ruled today. The panel also dismissed a separate case, ruling that state law may place no limits on campaign contributions from one candidate to another.
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?