LOUISIANA FIRST FUND is a Joint Fundraising effort authorized by, and to benefit,
LANDRY FOR LOUISIANA, REPUBLICAN PARTY OF
LOUISIANA’s state victory account, and CAJUN PAC II.
Louisiana First Fund
P.O. Box 399
Broussard, LA 70518
DONATE ONLINE, SECURELY HERE:
NOTICE OF LOUISIANA FIRST FUND
The Participants hereby agree that all contributions to LOUISIANA FIRST FUND permissible under the Louisiana Campaign Finance and Disclosure Act will be allocated among the participating Committees from the net fundraising proceeds as permitted by the Louisiana Campaign Finance and Disclosure Act and according to the following allocation method set forth in this Schedule Contribution limits for the 2023 election cycle will be indexed for inflation in the upcoming years:
a) The first $5,000 shall be allocated to LANDRY FOR LOUISIANA. The next $100,000 from an individual shall be allocated to REPUBLICAN PARTY OF LOUISIANA’s state victory account. The next $100,000 from an individual shall be allocated to CAJUN PAC II.
b) The first $10,000 from a joint contribution shall be allocated to LANDRY FOR LOUISIANA. The next $200,000 from a joint contribution shall be allocated to REPUBLICAN PARTY OF LOUISIANA’s state victory account. The next $200,000 from a joint contribution shall be allocated to CAJUN PAC II state account.
c) The first $5,000 from a political action committee not registered with the Louisiana Ethics Administration as having over 250 members shall be allocated to LANDRY FOR LOUISIANA. The next $5,000 from a political action committee not registered with the Louisiana Ethics Administration as having over 250 members shall be allocated to CAJUN PAC II. The next $100,000 from a political action committee not registered with the Louisiana Ethics Administration as having over 250 members shall be allocated to REPUBLICAN PARTY OF LOUISIANA’s state victory account.
d) The first $10,000 from a qualified political action committee which is registered with the Louisiana Ethics Administration as having over 250 members shall be allocated to LANDRY FOR LOUISIANA. The next $100,000 from a qualified political action committee which is registered with the Louisiana Ethics Administration as having over 250 members shall be allocated to REPUBLICAN PARTY OF LOUISIANA’s state victory account. The next $10,000 from a qualified political action committee which is registered with the Louisiana Ethics Administration as having over 250 members shall be allocated to CAJUN PAC II.
The Participants hereby agree that LOUISIANA FIRST FUND, as fundraising representative, shall allocate all net proceeds from LOUISIANA FIRST FUND according to the following:
a) All contributions to LOUISIANA FIRST FUND permissible under the Louisiana Campaign Finance and Disclosure Act shall be allocated according to the formula set forth in Schedule A.
b) The maximum that an individual may contribute LOUISIANA FIRST FUND is$205,000.
c) The maximum a corporation may contribute to LOUISIANA FIRST FUND is $205,000.
d) The maximum a PAC not registered with the Louisiana Ethics Administration as having more than 250 members may contribute to LOUISIANA FIRST FUND is $110,000
e) The maximum a PAC registered with the Louisiana Ethics Administration as having more than 250 members may contribute to LOUISIANA FIRST FUND is $120,000.
f) Any contribution not permissible under the Louisiana Campaign Finance and Disclosure Act will be refunded to the contributor.
g) All contributions permissible under the Louisiana Campaign Finance and Disclosure Act, and not designated for a particular Participant, that would cause a contributor to exceed any applicable state contribution limit to a Participant shall be reallocated to the other Participant up to the state limit for that Participant. If reallocation results in a violation of the contributor’s state contribution limit, LOUISIANA FIRST FUND shall return to the contributor the amount of the contribution that exceeds the limit. If a contribution is otherwise not permissible under the Louisiana Campaign Finance and Disclosure Act, it shall be refunded to the contributor.
h) Any contributor to LOUISIANA FIRST FUND may designate his or her contribution among the Participants notwithstanding the stated allocation formula, to the extent permitted by state law. Any such designated contribution that exceeds the contributor’s limit to the designated participant shall not be reallocated by LOUISIANA FIRST FUND absent the prior written permission of the contributor.
i) All contribution checks to support LOUISIANA FIRST FUND shall be made payable to “LOUISIANA FIRST FUND.”
j) Any contributor may make his or her contribution payable directly to any of the Participants.
k) Any Participant may decline to accept any contribution from any source, the legality of accepting such contribution notwithstanding.
l) The Participants agree that each Participant’s share of net proceeds is not earmarked for any particular use, and that each Participant shall use its share of net proceeds in its sole discretion.
For the purposes of the allocation formula, “net proceeds” shall not include cash advances to LOUISIANA FIRST FUND from Participants until all funds advanced to LOUISIANA FIRST FUND are repaid in full. In addition, “net proceeds” shall not include any advances in the form of office space, personnel, equipment, lists or other items of value to LOUISIANA FIRST FUND from Participants until payment has been made in the usual and normal amount for these items to each committee which provided the items. The timing and amounts of the distribution of net proceeds shall be upon the mutual agreement of Participants, but no less frequently than two weeks prior to the end of each quarter n a calendar year if the Treasurer of LOUISIANA FIRST FUND certifies that:
a) All expenses have been paid or sufficient reserves have been set aside to pay them;
b) Each Participant has paid a share of expenses equal to its ratable share of proceeds for the calendar quarter; and
c) The Treasurer of LOUISIANA FIRST FUND has taken all appropriate measures to etermine that the proceeds distributed to each Participant are permissible under the ouisiana Campaign Finance and Disclosure Act.
C. EXPENSES
All expenses of fundraising by LOUISIANA FIRST FUND shall be paid by LOUISIANA IRST FUND from the gross proceeds of LOUISIANA FIRST FUND. Any additional funds needed by LOUISIANA FIRST FUND for fundraising shall come from Participants in proportion to the allocation formula defined in Article 3, part B above unless the Participants agree in writing to a different formula which meets the requirements of the Louisiana CampaignFinance and Disclosure Act.
D. FUNDRAISING NOTICE
LOUISIANA FIRST FUND shall supervise preparation of a fundraising notice (“NOTICE”) in substantially the form contained in Schedule B of this Agreement L.A. R. S. § 18:1463(E). NOTICE shall set forth the names of the Participants; the allocation method; a statement informing prospective donors that they may designate their contributions for a particular Participant; and a statement informing prospective contributors that their contribution will be reallocated to comply with contribution limits applicable to the Participants. NOTICE shall contain an affidavit with a signature line to authorize such designation and reallocation, as well as all disclaimers required by the Louisiana Campaign Finance and Disclosure Act.
E. LISTS AND NOTIFICATIONS OF DONOR INFORMATION
The lists of names and addresses of contributors to LOUISIANA FIRST FUND shall become the joint property of Participants. LOUISIANA FIRST FUND shall make available on a regular basis to all of the Participants the names, addresses of donors, together with the amounts contributed and/or designated for the Participants resulting from joint fundraising efforts under this Agreement.
PAID FOR BY LOUISIANA FIRST FUND