R 168.314 Dissolution statement; eligibility.

Rule 14. (1) A committee that determines it will no longer receive contributions or make expenditures may dissolve by filing a form prescribed by the department to request dissolution. (2) A dissolution must consist of a campaign statement that covers the period from the closing date of the last report filed to the date of dissolution and must include a statement as to the disposition of any residual assets and a statement disclosing the payment or forgiveness of any debts. (3) Committees that are required to file campaign statements electronically shall file a dissolution request campaign statement electronically. (4) Committees with a reporting waiver shall request dissolution using the dissolution campaign statement form designed by the department. (5) Before dissolution, a committee shall do all of the following: (a) Disburse all remaining assets. (b) Resolve any debts. Campaign committees that have outstanding debts to the committee itself may forgive those outstanding debts. (c) Pay all late filing fees in full. (d) File all outstanding campaign statements. (e) Answer all outstanding notice or notices of error or omission. (6) An officeholder cannot dissolve the officeholder’s candidate committee until the officeholder’s term of office expires or the officeholder vacates the office unless the officeholder is not qualified to seek reelection.