# Senate Leadership Fund 158M to Texas PAC **[[Texas PAC]]** spent **$131,529,652.10** on advertising in the Texas Senate race before it ever had to say where a dollar of it came from. On **October 15, 2026** it filed its first receipts disclosure, and the answer is two lines long: **$158,000,000** from the **[[Senate Leadership Fund]]**, and nothing else. ## Terms | Item | Detail | |---|---| | Payer | **SLF PAC**, the [[Senate Leadership Fund]]'s federal committee, **C00571703**, 6218 Georgia Avenue NW, Ste 1-595, Washington DC | | Recipient | **TEXAS PAC**, **C00960211**, 7415 SW Pkwy Bldg 6 Ste 500-134, Austin, Texas | | First transfer | **$75,000,000.00**, received **September 10, 2026** (transaction SA11C.1) | | Second transfer | **$83,000,000.00**, received **September 24, 2026** (transaction SA11C.2) | | Line | Schedule A **Line 11(c)** — contributions from other political committees | | Disclosed | FEC **Form 3X**, quarterly report for July 1 – September 30, 2026 (**file 2025952**), received **October 15, 2026**, signed by treasurer Cabell Hobbs | The transaction identifiers are **SA11C.1** and **SA11C.2** — the first and second itemised receipts in the committee's history. ## The whole committee, on one page | Line | Amount | |---|---| | Cash on hand at open (July 1) | **$0.00** | | **Total receipts** | **$158,000,000.00** | | Total disbursements | $131,751,386.72 | | — of which independent expenditures | $131,529,652.10 | | — of which operating expenditures | $221,734.62 | | Cash on hand at close (September 30) | **$26,248,613.28** | $0.00 + $158,000,000.00 − $131,751,386.72 = $26,248,613.28. The committee has one funder, one race and one vendor of consequence — **[[Flexpoint Media]]** — and $26.2 million still in the bank with the election three weeks away. ## The one-day pattern The [[Senate Leadership Fund]]'s own report for the same quarter shows **[[Elon Musk]]** contributing **$75,000,000** on **September 9** and **$83,000,000** on **September 23**. Each Texas PAC transfer follows the matching Musk contribution by exactly one day. | Musk to SLF PAC | Amount | SLF PAC to Texas PAC | Amount | |---|---|---|---| | September 9, 2026 | $75,000,000.00 | September 10, 2026 | $75,000,000.00 | | September 23, 2026 | $83,000,000.00 | September 24, 2026 | $83,000,000.00 | > [!note] What this does and does not show > The amounts match to the dollar and the sequence is one day in both cases, which is as close as > disclosure gets to showing a pass-through. It is not proof of a legal earmark: SLF PAC raised > $272,944,766.79 in the quarter from many sources and spent $166,809,213.42 on independent expenditures > of its own, so the funds were not segregated and no filing states a purpose. The honest reading is that > Texas PAC was funded entirely by SLF PAC, and that SLF PAC's capacity to fund it on those dates came > overwhelmingly from one contributor. ## Why it matters Until this filing, Texas PAC was the clearest example on this site of a committee that could run a nine-figure campaign in a single race while its funding stayed invisible. It registered on **August 28, 2026**, filed quarterly rather than monthly, and therefore owed no receipts disclosure until two and a half weeks before the election. The spending was reported in near-real time through 24-hour notices; the money behind it was not reportable until the race was nearly over. That gap is the structure working as designed, and it closed on October 15 — eighteen days before the vote, after $131.5 million had already been spent. ## See Also - [[Musk 158M to Senate Leadership Fund Q3 2026]] · [[Elon Musk]] - [[Texas PAC]] · [[Senate Leadership Fund]] · [[One Nation]] - [[Texas PAC 61.4M Texas Senate IE]] · [[Texas PAC 53.9M Texas Senate IE]] - [[TX-Sen-2026]] · [[Ken Paxton]] · [[James Talarico]] - [[Super PACs]] · [[Dark Money]] · [[Independent Expenditure]]