(a) A committee that intends to terminate shall dispose of surplus monies as follows:
(1) Donate surplus monies to the City of Tucson election campaign account established pursuant to section 12-99 of this code.
(2) Donate surplus monies to a nonprofit organization that has tax exempt status under section 501(c)(3) of the internal revenue code.
(3) Return surplus monies to the contributor.
(4) In the case of a candidate committee, contribute surplus monies to a candidate committee for another candidate under the following conditions:
a. The candidate committee makes the contribution after the time period for filing a nomination paper pursuant to section 12-69(b) of this code.
b. The candidate associated with the candidate committee that makes the contribution did not file a nomination paper to run for election in the current election cycle.
(5) For public funding candidates, if following the election wherein the candidate is elected or defeated, the candidate has unexpended campaign contributions, any surplus shall be returned to the election campaign account until the full amount of public matching funds disbursed has been returned. Any remaining unexpended campaign contributions shall be returned to the election campaign account, contributors, or to a non-profit charitable organization. All unexpended campaign contributions must be disbursed no later than the first Monday in December following the election.
(b) Surplus monies shall not be used for or converted to personal use.
(c) This section does not preclude the repayment of a loan to a committee.
(d) Contributions of surplus monies shall be made pursuant to section 12-86 of this code.
(Ord. No. 11525, § 2, 2-21-18)