Restrict use of crowdfunding money for other purposes

Summary

The bill requires crowdfunding platforms to forbid organizers from spending donated funds on unrelated, violent, or illegal activities. If a campaign raises more money than needed, the excess must be converted to cash and returned to donors proportionally. Unclaimed or anonymous excess funds are sent to state trust accounts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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