(a) A campaign finance disclosure whose contents are specified by state law shall be signed and submitted to the city clerk's office by the treasurer of every municipal candidate or candidate campaign committee, municipal or nonmunicipal political action committee, municipal ballot question committee, and municipal public office holder pertaining to city elections. Any statement pursuant to this section shall be consecutive and shall cover contributions and expenditures since the last statement submitted.
(b) Submissions shall occur pursuant to the following schedule:
(1) Municipal candidates shall submit a statement of financial interest within 15 days after submitting nominating petitions.
(2) Municipal candidates, municipal candidate campaign committees, municipal ballot question committees, and municipal political action committees shall submit a statement of organization as provided in SDCL 12-27.
(3) Municipal candidates, municipal candidate campaign committees, and municipal political action committees shall have submitted a finance disclosure report by 5:00 p.m. within three business days following and complete through:
A. December 31 of each year;
B. The last business day of February preceding the election in an election year;
C. The last Monday one week prior to the election; and
D. The last business day of June of each year.
(4) Ballot question committees shall have submitted a finance disclosure statement by 5:00 p.m. within three business days following and complete through:
A. The last business day of each month during the 90-day period immediately preceding the election;
B. The last Monday one week prior to the election;
C. Sixty calendar days following the election, and shall include the disposition of any remaining funds or obligations of the person or committee; and
D. The requirements of this division (b)(4) shall also apply to any person raising, collecting, or disbursing money for the adoption or defeat of any question submitted to the voters at any election unless the person is engaging in these activities on behalf of a ballot question committee.
E. A ballot question committee that does not meet the signature requirements for placement of the ballot issue on an election ballot shall submit a termination report to the city clerk by 5:00 p.m. on the first Monday in February following the year the statement of organization was submitted to the city clerk.
(5) Nonmunicipal political action committees shall submit a finance disclosure statement with the city clerk by 5:00 p.m. within three business days from the last Monday one week prior to each city election. The statement shall cover the contributions and expenditures of the political action committee from the last submission with the secretary of state's office. A political action committee that regularly submits a campaign finance disclosure statement with the Federal Election Commission or a report of contributions and expenditures with the Internal Revenue Service is not required to submit a campaign disclosure statement.
(6) Public office holders for the city shall, not more than 15 days after the person assumes office and then not later than the first day of January of every year the person continues to hold the office, file an elected official statement of financial interest setting forth any additions or corrections to any previous statement of financial interest filed pursuant to this chapter or state law.
(7) Any treasurer or other person filing a statement or report pursuant to this chapter shall file an amended statement or report within three days of discovering any omission, inaccuracy, or other change necessary to make the statement or report accurate.
(1992 Code, § 14-68) (Ord. 182-07, passed 11-19-2007; Ord. 125-08, passed 10-20-2008; Ord. 91-09, passed 11-2-2009; Ord. 8-12, passed 2-6-2012; Ord. 100-15, passed 11-2-2015; Ord. 87-17, passed 9-12-2017; Ord. 11-20, passed 2-3-2020)