The bill mandates the termination of campaign accounts for elected officials who either choose not to run for re-election or are defeated in subsequent elections. Specifically, if an elected official decides not to be a candidate for the next election or loses in a primary or general election, their campaign account must be closed within 90 days following the second general election in which they are not elected.

Additionally, the treasurer of the campaign account is required to manage any remaining funds according to existing laws and file a termination report as stipulated in K.S.A. 25-4157 and its amendments. This legislation aims to streamline the process of closing campaign accounts and ensuring compliance with campaign finance regulations. The act will take effect upon its publication in the statute book.