SACRAMENTO -- California State Treasurer Bill Lockyer recently said he was retiring from public office next year, so how does he explain filing papers this week to form a campaign committee for a possible run for lieutenant governor in 2018?
He probably won't run for lieutenant governor in 2018, but the filing allows him to keep his large political war chest in play to influence elections of other candidates, a spokesman said.
As many other politicians have done, Lockyer is exploiting a much-criticized loophole in the campaign finance law so he can continue to use more than $2.2 million in surplus campaign funds after he leaves office next year.
Normally, an elected official would have to close his campaign committee no later than nine
months after the date he leaves office or the term of office ends.