SALT LAKE CITY (AP) — Mitt Romney’s bid for the U.S. Senate in Utah is getting a big financial boost from leftover funds from his past two unsuccessful bids for president.

Romney transferred $1 million from an account created a decade ago when he first ran for president and used again when he became the 2012 Republican nominee, according to a campaign finance report released Tuesday.

The former Massachusetts governor had $1.15 million in his account as of April 1, the report shows. He raised nearly $677,000 after he announced his candidacy in mid-February and spent about $527,000.

Romney is running to replace retiring Republican Sen. Orrin Hatch.

The report comes ahead of the Utah Republican party convention on April 21, where Romney will compete against 11 other candidates for the nomination.

The winner of the convention, which typically favors more conservative candidates, will face off in a June 26 primary against any candidate who gathers 28,000 voter signatures to earn a place on the ballot, something Romney is pursuing.

Romney is considered the favorite to win the seat. He’s known in the state for reviving the 2002 Salt Lake City Winter Olympics after a bribery scandal and later becoming the first Mormon presidential nominee of a major political party.