Thursday, October 05, 2006

 

Democratic Party Contemplates Loan

The Kentucky Democratic Party is working on taking out a half-million-dollar bank loan to boost its finances before the November election. But many members of the party's state central committee -- the governing body that must approve any such transaction -- have been hesitant to give their blessing until they know exactly how that money would be used. Committee members were being polled by phone yesterday. An infusion of $500,000 could help the party back its candidates as the Nov. 7 election nears. Much or all of that money could be paid back with proceeds from an Oct. 24 fund-raiser in Louisville, featuring former President Bill Clinton. Democratic Party Chairman Jerry Lundergan wouldn't comment on the loan proposal.





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