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Posted at 12:49 PM ET, 02/16/2012

Perry hoping to set up PAC

Texas Gov. Rick Perry is hoping to use money left over from his presidential campaign to help other candidates.


Texas Gov. Rick Perry addresses the the annual Conservative Political Action Conference Feb. 9, 2012 in Washington, D.C. (Win McNamee - Getty Images)

Perry’s campaign sent a request to the Federal Election Commission asking if he could turn his campaign into a political action committee or even possibly a so-called super PAC, a recently created type of political interest group. The request was released Thursday.

Perry dropped out of the Republican nomination race on Jan. 19, just before the South Carolina primary. He endorsed former House Speaker Newt Gingrich.

He was one of the strongest fundraisers in the race, bringing in the most money of any candidate in the third quarter despite only joining the race half way through that period. His fundraising sank once he dropped in polls, but odds are that he could bring in significant amounts of money to boost other Republican candidates.

If Perry were to turn his campaign into a PAC, he could accept contributions of up to $5,000 from one person to donate directly to other candidates or run his own advertising supporting them. If he decides to create a super PAC instead, he could raise unlimited amounts from individuals or corporations but could only spend the money without coordinating with the candidates he was helping.

In the request, treasurer Salvatore Purpura said the campaign collected $270,000 for the general election that it kept in a separate bank account. The campaign has mailed letters to those donors asking if they’d be willing to let Perry keep their money for a PAC.

Purpura wrote that if forming a PAC is not allowed under the law, Perry would like to transfer his money to his Texas campaign.

By  |  12:49 PM ET, 02/16/2012

 
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