Sure, great idea. Then New York can claim that 400,000,000 people voted for Hillary. They certify it, and nobody can challenge it, gotta be valid.
Its not a state election. Its an election for a PRIVATE party. The State can put conditions on the money and say that if the DNC wants the money they have to abide by certain rules, but it can't pay for an election (that the DNC says is invalid), and then force the DNC to abide by its rules, just because they paid for something the DNC didn't want.
Maybe next the state can start electing cabinet positions. Or Supreme Court judges. I mean, why not? They can pay for it, that means they can put whoever they want in whatever position they want, right?