This bill establishes annual year-end campaign finance reporting for municipal candidates until campaign account dissolution.
This bill:
- requires a municipal office candidate to file a year-end campaign finance summary report (year-end report) with the municipal clerk no later than January 10 of the year after the municipal general election is held;
- establishes the required contents of a year-end report, including totals of contributions and expenditures;
- requires a municipal office candidate to continue filing a year-end report each January 10 until the candidate files a statement of campaign account dissolution and final summary report showing a zero account balance;
- specifies how a municipal office candidate may spend down a campaign account;
- authorizes the municipal clerk or recorder to impose a $250 fine against a candidate who fails to file a year-end report;
- authorizes a municipality to adopt an ordinance imposing more stringent year-end reporting requirements; and
- makes conforming changes.