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<p>To all:</p>
<p> I would propose the Libertarian Party of Illinois authorize a
separate account for donations specifically for Illinois races.
As you may be aware, we currently file with the FEC on all of our
existing donations. This makes these funds eligible for Federal
as well as state races. The mainline parties also maintain a
separate account for state races. Donations into this separate
account would be filed with the Illinois State Board of Elections
and would be eligible for only for state and local races. This
would increase our maximum contribution limit from $10,000 from
any specific individual to $22,000 as $10,000 would be contributed
to our Federal account and $12,000 to our state account. This
account may accept donations directly from corporations and unions
as this is prohibited under Federal law. It also would allow
donors to specify if their donation goes to Federal or state
accounts. This creates some work for treasurers going forward BUT
there is a benefit if we can begin to get donors to maximize
contributions to our party for ballot access or candidate
assistance.<br>
</p>
<p> As our party continues to grow, we do have information from
large donors who could afford to donate such a large sum to the
party. I would propose that unless otherwise specified, any
general donations from individuals are designated as Federal
donations. This allows the maximum flexibility for the funds and
requires no additional work. Funds for state accounts would
either be designated on a separate web page on our site <u>OR</u>
be taken exclusively by executive committee and executive
director. This eliminates confusion for both the donors and the
treasurer going forward should such an account be authorized.</p>
<p><br>
</p>
<p>Russ Clark</p>
<p>Treasurer</p>
<p>Libertarian Party of Illinois<br>
</p>
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