*(See end of section for amended version of subsection (b) and effective date.) Report on status of Citizens' Election Fund. Determination of fund sufficiency. Reserve account.

*(b) Not later than January first in any year in which a state election is to be held, the commission shall determine whether the amount of moneys in the fund is sufficient to carry out the purposes of this chapter. The commission shall issue a report on said determination. (c) The commission shall establish a reserve account in the fund. The first twenty-five thousand dollars deposited in the fund during any year shall be placed in said account. The commission shall use moneys in the reserve account only during the seven days preceding a primary or an election for payments of grants pursuant to the provisions of this chapter if the fund is otherwise insufficient for the purposes of making such payments. *Note: On and after July 1, 2025, subsection (b) of this section, as amended by section 187 of public act 23-205, is to read as follows: “(b) (1) Except as provided in subdivision (2) of this subsection, not later than January first in any year in which a state election is to be held, the commission shall determine whether the amount of moneys in the fund is sufficient to carry out the purposes of this chapter. The commission shall issue a report on such determination. (2) Not later than the forty-first day preceding the day of the primary in any year in which an election for the office of Governor is to be held, the commission shall determine whether the amount of moneys in the fund is sufficient to carry out the purposes of this chapter. The commission shall issue a report on such determination.”