The proposed bill would amend current statutes regarding the termination of campaign committees, political action committees, and political parties. Under the current law, a committee treasurer must certify under penalty of perjury that all specified conditions are met for a termination statement to be valid. The bill modifies this requirement by allowing the treasurer to certify that either the committee received no contributions or that it received contributions and met certain conditions, including the cessation of contributions and disbursements, the status of outstanding debts, the disposal of surplus funds, and the reporting of all contributions and expenditures.

Additionally, the bill introduces provisions that protect committees that file termination statements indicating they received no contributions from penalties and enforcement actions. Specifically, it states that no penalties may be assessed or accrue against such committees, and any previously assessed penalties would be retroactively deemed void. Furthermore, it clarifies that enforcement officers would lack jurisdiction over these committees, and any related court matters must be dismissed promptly. The bill also includes technical changes and conforming amendments to ensure consistency with the new provisions.

Statutes affected:
Introduced Version: 16-934, 16-937