Federal Election Commission rulings indicate Pence can only transfer donations to Holcomb that comply with federal campaign finance standards.
Holcomb has served as Lieutenant Governor for five months but has never held elected office.
Lieutenant Governor Eric Holcomb says the state can now fulfill a promise put in place by this past legislative session’s road funding package.
The GOP committee is set to vote Tuesday on a candidate to face Democrat John Gregg this fall.
One member of the 22-person committee is still undecided but says electability will weigh heavily on his decision.
Pence said in a statement Friday that he believes Lt. Gov. Eric Holcomb is "one of the best prepared individuals in recent memory" to be governor.
Pence's bid to be Vice President leaves a vacancy on Indiana's ballot this year: who will be the Republican candidate for Indiana's next governor?
The Indiana Republican Party will choose its replacement for Mike Pence on the gubernatorial ticket in a little more than a week.
Lt. Gov. Eric Holcomb and U.S. Reps Susan Brooks and Todd Rokita leave their races in their bids to succeed Mike Pence as the governor.
By law, Pence has until noon to remove himself from Indiana’s ballot.