After all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:
(1) if the campaign finance entity is a personal treasurer or a political committee formed to support a candidate or act for a political party:
(i) the State central committee of the political party:
1. of which the candidate is a member; or
2. for which the political committee is acting;
(ii) the local central committee of the political party:
1. of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or
2. for which the political committee is acting;
(iii) the board of education of a county in which the candidate resides or which the candidate seeks to represent;
(2) a nonprofit organization that provides services or funds for the benefit of pupils or teachers;
(3) a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act; or
(4) a public or private institution of higher education in the State if:
(i) that institution possesses a certificate of approval from the Maryland Higher Education Commission; and
(ii) the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.
After all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:
(1) if the campaign finance entity is a personal treasurer or a political committee formed to support a candidate or act for a political party:
(i) the State central committee of the political party:
1. of which the candidate is a member; or
2. for which the political committee is acting;
(ii) the local central committee of the political party:
1. of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or
2. for which the political committee is acting;
(iii) the board of education of a county in which the candidate resides or which the candidate seeks to represent;
(2) a nonprofit organization that provides services or funds for the benefit of pupils or teachers;
(3) a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act; or
(4) a public or private institution of higher education in the State if:
(i) that institution possesses a certificate of approval from the Maryland Higher Education Commission; and
(ii) the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.
After all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:
(1) if the campaign finance entity is a personal treasurer or a political committee formed to support a candidate or act for a political party:
(i) the State central committee of the political party:
1. of which the candidate is a member; or
2. for which the political committee is acting;
(ii) the local central committee of the political party:
1. of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or
2. for which the political committee is acting;
(iii) the board of education of a county in which the candidate resides or which the candidate seeks to represent;
(2) a nonprofit organization that provides services or funds for the benefit of pupils or teachers;
(3) a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act; or
(4) a public or private institution of higher education in the State if:
(i) that institution possesses a certificate of approval from the Maryland Higher Education Commission; and
(ii) the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.
