Does the PAC accept corporate contributions?
NO. 100% of the PAC’s income comes from individual contributors. Per state and federal statutes, corporations are prohibited from making any expenditures to influence candidate elections. And, since PACs support candidates, they also are prohibited from accepting corporate contributions. It is perfectly legal though to use corporate dollars for issue campaigns, and to pay for a PAC’s administrative and fundraising expenses. We will gladly accept corporate contributions from HBACA member companies to help us with issue campaigns and PAC administrative expenses, but these monies are deposited into a bank account entirely separate from the PAC. This account is known as our PAC Administrative Fund.
