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Alabama: state's no-limits campaign-finance law drew Romney to set up PAC

AP reports: Former Massachusetts Gov. Mitt Romney used Alabama’s campaign finance laws, which place no limits on individual contributions, to raise $514,535 in the state before announcing his candidacy for president.

All the contributions collected by Romney’s Commonwealth Political Action Committee came from outside Alabama, according to campaign finance reports the PAC filed with the secretary of state.

Federal law limits individuals contributions to $2,300 per election. But Romney didn’t come under that restriction until he became a candidate.

Before then, his political team set up PACs in three states that have no limits on individual contributions: Michigan, Iowa and Alabama. The PACs were first reported by the Wall Street Journal on Tuesday. -- GOP presidential candidate's state PAC pulls in $514,535

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