The King money
I can’t help myself. I need to know more about Mark Montiel complaint against Troy King.
Montiel says King raised $124,810 after the November 7, 2006 election. According to his FCPA reports, this covers donations from after the election to March 7, 2007, which is exactly 120 days after the election. State law allows a candidate to raise money
For a period of 120 days after the election in which the person was a candidate, but only to the extent of any campaign debt of the candidate or principal campaign committee of the candidate as indicated on the campaign financial disclosure form or to the extent of reaching the threshold that is required for qualification as a candidate for the office which he or she currently holds, or both. (Ala Code 17-5-7(b)(3))
King says that $25,550 was received before the election, but deposited later. This is presumably all the contributions dated 11/9/2006. The FCPA form, however, asks for the date the contribution was received, not when it was deposited. We’ll give him that for the sake of argument, however.
So $124,810 - $25,550 leaves $99,260 raised “after” the election. As quoted above, Alabama law would allow him to raise that money if it went to campaign debt or the filing fee. Montiel says his total debt totals $20,000. I’m not sure where he got that, so I’m going to use the $32,523.91 he reported on his FCPA reports as “Loans, interests, and other sources of income.” If we take that from the $99,260 that was “really received” in the 120 days after the election, that leaves $66,736.09 that wasn’t used to repay debt. Update: Figured out some stuff. King reported $20,000 on his Form 1A. So he raised $79,260 above his documented debt.
King’s response is that the law doesn’t limit the amount of “debt-repayment money” he can raise 120 days after an election. I dunno.




