Texas: Raising Money Texas Style
As Gov. George W. Bush (R) moves closer to entering the 2000 presidential race, many wonder how he will raise money under state campaign finance laws that prohibit collecting political contributions during legislative sessions. Pundits question whether Bush will try to circumvent the state law. He could form an exploratory committee as a precursor to a presidential bid, which would allow him to collect contributions, according to the Texas Ethics Commission. The exploratory committee would be a federal entity, not subject to state law, although contributions for federal races are limited to $1,000. The Texas legislative session will run through May, 1999.
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