(a) A committee may terminate only when the committee treasurer files a termination statement with the city clerk.
(b) In the termination statement, the committee treasurer shall certify under penalty of perjury that all of the following apply:
(1) The committee will no longer receive any contributions or make any disbursements.
(2) The committee either:
a. Has no outstanding debts or obligations.
b. Has outstanding debts or obligations, or both, that are all more than five (5) years old, and that the committee's creditors have agreed to discharge the debts and obligations and have agreed to the termination of the committee.
(3) Any surplus monies have been disposed of and that the committee has no cash on hand.
(4) All contributions and expenditures have been reported, including any disposal of surplus monies.
(c) The city clerk may reject the termination statement if it appears that the requirements in subsection (b) of this section have not been satisfied.
(d) After a termination statement is filed, a committee:
(1) Is not required to file any subsequent campaign finance reports.
(2) Shall have no further receipts or disbursements without filing a new statement of organization.
(e) A standing committee may terminate its activities in the City and remain active in other reporting jurisdictions, by filing a statement of that intent with the city clerk.
(Ord. No. 11525, § 2, 2-21-18)