Sununu's Reelection Campaign Fundraising Boosted By 'LLC Loophole' | New Hampshire Public Radio

Sununu's Reelection Campaign Fundraising Boosted By 'LLC Loophole'

Dec 5, 2019

Credit Tom Roy | The NH Union Leader

Gov. Chris Sununu's reelection campaign raised almost half a million dollars over the past six months.

That haul was made easier by Sununu's veto of a bill earlier this year that sought to limit contributions from certain corporations. 

Sununu has collected $467,000 since June. More than 10 percent of that came from limited liability corporations - or LLCs  - linked to real estate developers.

The bill Sununu vetoed earlier this year would have restricted people who own multiple LLCs from skirting campaign contribution limits, what some call the LLC loophole

Sununu has made a habit of using that loophole to raise bigger amounts from a handful of campaign donors. His latest filing shows he received $66,000, from ten LLCs connected to three developers in Manchester, Portsmouth and Dover.

That includes $35,000 from five LLCs linked to Kane Real Estate of Portsmouth; $21,000 from three LLCs under the control of Manchester developer Brady Sullivan; and $10,000 from two LLCs linked to Dover developer Chad Kageleiry.

Neither Democrat running for governor has taken advantage of this approach.

Concord Sen. Dan Feltes, who sponsored the bill to close the LLC loophole that Sununu vetoed, has raised close to $370,000 since June. Executive Councilor Andru Volinsky raised $66,000.