.010 A city candidate shall have no more than one controlled committee for each city office, and such controlled committee shall have only one bank account out of which all qualified campaign and officeholder expenses related to that city office shall be made; except that an elective city officer may deposit contributions into, and pay officeholder expenses from, the bank account of a controlled committee established for the immediate past city election at which such officeholder was elected to the extent provided in Section 1.09.055.
.020 This section does not prevent a city candidate or an elective city officer from establishing another controlled committee solely for the purpose of running for a state, federal, county, or other elective city office, or for opposing his or her recall. For purposes of this section, candidacy for the same office at different city elections shall be deemed different city offices.
.030 Notwithstanding the foregoing, this section shall not prohibit the establishment of savings accounts or certificates of deposit or other financial instruments, provided that no campaign or officeholder expenditure may be made from them. (Ord. 5704 § 2 (part); October 19, 1999; Ord. 5858 § 1 (part); May 20, 2003: Ord. 6197 § 6; November 16, 2010.)