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ARMPAC pays fine to FEC and shuts down

AP reports: The fundraising organization that helped vault former Rep. Tom DeLay to GOP leadership and distributed election money to numerous fellow Republicans has been fined for campaign finance violations and is shutting down.

Under an agreement with the Federal Election Commission, Americans for a Republican Majority's political action committee agreed to pay a $115,000 fine and close. The agreement, reached July 7, was made public late Wednesday.

The agreement resulted from an audit by the FEC of the committee's records for Jan. 1, 2001 to Dec. 31, 2002. The audit found DeLay's committee had not properly reported contributions, disbursements and cash on hand.

It also found the committee failed to properly report outstanding debts and obligations and did not follow federal rules for paying for shared federal and nonfederal activities. -- PAC Tied to DeLay Fined, Shutting Down

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