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Can a candidate use funds from a previous election for a subsequent election?

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Can a candidate use funds from a previous election for a subsequent election?

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All state and local candidates may transfer unexpended campaign funds to a future campaign for the same office by that candidate. State candidates may transfer any excess campaign funds to any future state or local campaign that the candidate establishes. Local candidates may transfer excess campaign funds only to future local campaigns that the candidate establishes. T.C.A.

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