Tancredo Campaign Makes $1.6 Million Submission for Matching Funds
(Washington, D.C.) – The Tancredo Campaign filed its first matching funds submission today-for $1.606 million.
“We are on track to be a force in the upcoming primary season,” National Chair Bay Buchanan stated, “This submission will be used as collateral for a bank loan which guarantees the campaign all the funds necessary to be strong in the coming months.”
In order to be eligible to receive matching funds, campaigns must reach a threshold of $100,000. The total amount must include $5,000 raised in 20 different states with a maximum donation of $250 from any individual. The Tancredo campaign was officially certified to receive matching funds on September 12, 2007.
Submissions are made on the first working day of each month. Beginning in January 2008 funds are distributed by the U.S. Treasury Department.
