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In denying this exception , the Authority stated that " the Judge did not err in finding that the parties do not have a collective bargaining agreement . Using a plain meaning analysis , it is clear that the parties did not intend the farmout agreement to be merged with the assignment . The " soft money " targeted by McCain-Feingold refers to money raised by political party committees that the parties do not use to expressly advocate the election or defeat of federal candidates or make direct monetary contributions to candidates ' campaigns . The Commission further concluded that the presiding officer committed no error material to the outcome of the proceeding and that the parties did not raise important questions of law or policy meriting extended discussion . The Commission further concluded that the exchange committed no error material to the outcome of this proceeding and that the parties did not raise important questions of law or policy meriting extended discussion .