shareUpdate: $900,000 in 527 Money
Date: 06/30/2009
Two advocacy groups -- organized under section 527 of the Internal Revenue Code — have given a combined total of $900,000 to Creigh Deeds, the Democratic candidate for Governor.
- $500,000 - 6/26/2009 - American Federation of State, County and Municipal Employees (AFSCME)
- $400,000 - 6/27/2009 - Democratic Governor's Association
View 527 Donations
527 groups raise money for political activity such as voter mobilization and issue advocacy. As long as they stop short of expressly advocating the election or defeat of a specific federal candidate, 527 groups are not subject to contribution limits imposed by the Federal Elections Commission. 527s have become a convenient way for corporations, labor unions and special interests to flow unlimited contributions into the political process.
The 2009 Virginia elections are the first test of a state law aimed at bringing greater transparency to 527 activities in state politics.
