use of surplus campaign funds

use of surplus campaign funds Sec. 703. Within the limitations specified in this Act, any surplus, residual, or unexpended campaign funds received by or on behalf of an individual who seeks nomination for election, or election to office shall be contributed to a political party for political purposes, used to88 Stat. 471 retire the proper debts of his political committee which received such funds, or returned to the donors as follows: (1) in the case of an individual defeated in an election, within six months following such election; (2) in the case of an individual elected to office, within six months following such election; and (3) in the case of an individual ceasing to be a candidate, within six months thereafter.