The Pawlenty for President campaign has cleared the last of its campaign debt, with a little help from Michele Bachmann.

“It was truly an honor to run for President of the United States,” former Minnesota Gov. Tim Pawlenty said in a statement Tuesday. “Mary and I will be forever grateful to the many supporters who inspired and sustained the campaign. I am also glad we were able to pay all campaign debts and wind down the campaign properly.”

Pawlenty’s campaign was six figures in debt when it ended last August after a disappointing third-place finish in the Ames straw poll. Since then, donations poured in steadily, including individual contributions from GOP frontrunner Mitt Romney and his wife, Ann.

From October, when Pawlenty owed $435,000, the campaign debt shrank to $17,500 by the end of the year. The latest filings to the Federal Election Commission show $18,543 in donations and receipts to the committee, putting it back in the black.

This time, the contributions included $2,000 from his former primary rival, Bachmann, whose Michele PAC political action committee, kicked in $2,000.

Books balanced, Pawlenty has filed paperwork to terminate his presidential campaign committee.

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