05/17/2016 19:30 EDT | Updated 05/18/2017 01:12 EDT

Trump and RNC announce fundraising agreement

WASHINGTON — Donald Trump and the Republican National Committee have signed a joint fundraising agreement that will allow donors to write checks of up to $449,400.

The agreement, announced late Tuesday night, will allow the Trump campaign to raise cash that the national party can spend on both his campaign and other Republican efforts.

The agreement established two committees: The Trump Make America Great Again Committee, between the RNC and the Trump campaign, and Trump Victory, which includes the campaign, the RNC and a list of state GOP parties, including Arkansas, Connecticut, Louisiana, New York and Virginia.

RNC Chairman Reince Priebus said in a statement that the money will go toward expanding ground, data and digital operations to elect Republicans "up and down the ballot."