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nogo

looks like a

ralphcarr

The Mcinnis boomlet reminded me that in June of last year McInnis was telling people that he intended to use at least a portion of his campaign fund to be used to set up a foundation or a charity. Here's the full text for those interested:

McInnis plans to start charity

By M.E. Sprengelmeyer, Rocky Mountain News
June 2, 2004

Retiring Rep. Scott McInnis reportedly plans to use part of his$1.3 million
campaign war chest to start his own charitable foundation - a rare but legal
maneuver that watchdog groups have criticized in the past.

McInnis, a Grand Junction Republican, has not made any final decision on how
to dispose of surplus contributions once he ends his fourth term in the
House of Representatives, said Lori McInnis, his wife and paid campaign
manager.

However, according to Mike Hesse, the congressman's chief of staff, McInnis
plans to use some of the money to seed a new foundation that would work on
issues he has championed in Congress, including breast cancer research,
education and conservation.

The rest of the money would remain in the campaign fund so it could be
contributed to future political causes.

The final details have yet to be worked out, as McInnis decides whether to
leave Congress early to take his planned job with the lobbying firm Hogan &
Hartson.

"We haven't set up a formal structure. We haven't determined who will be
involved," Hesse said.

"The only decision the congressman has made is that he knows he wants a
foundation. And he knows he wants to be politically active," Hesse said.

Hesse said McInnis has decided to follow the lead of former Rep. Larry
Combest, a Texas Republican, who left office in 2003 and donated more than
$650,000 of his remaining campaign funds to a charity controlled by him and
his family.

According to the Capitol Hill newspaper Roll Call, Federal Elections
Commission guidelines permit such a transfer as long as the funds are not
converted to personal use. It said campaign finance law prohibits candidates
from being paid salaries from such nonprofit groups that they give surplus
campaign funds. That prohibition ends once the charity has spent the
original amount donated.

Government watchdog groups, including the Center for Responsive Politics,
expressed concerns over the Combest model, saying there was a "potential for
abuse" because it is more difficult to track detailed finances of charitable
groups.

McInnis, a member of the tax-writing House Ways and Means Committee, amassed
his relatively large campaign bankroll in recent years, even though his
re-election bids were not considered highly competitive.


Colorado Citizen

I've heard rumors that the former Mayor of Leadville, Bud Elliot, is considering running for State Treasurer. He is a good man and I, for one, hope he runs.

Bill

Listen, I know Bud Elliot, he is thinking about it because folks from around the state are asking him about the possibility.

He would be make a great State Treasurer, but I don't know if he has decided yet.

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