Palin's PAC reports raising more than $730,000

ANCHORAGE, Alaska (AP)—A report says Alaska Gov. Sarah Palin's political action committee raised nearly $733,000 in its first five months.

A report filed Monday with the Federal Election Committee shows receipts totaled $732,867.70 in the period between Jan. 1 and June 30.

The former GOP vice presidential candidate launched the committee, SarahPAC, in late January, saying the goal was to help support candidates for federal and state office.

The report says SarahPAC made total disbursements of more than $276,000 and reported nearly $457,000 cash on hand.

Earlier this month, Palin announced she will resign as governor effective July 26, fueling speculation she will seek the presidency in 2012.