Section 13. No Activity

A. All candidates are required to register and file reports in CFIS according to the reporting schedule outlined in the Campaign Reporting Act once a declaration of candidacy has been filed, even if the candidate does 1.10.13 NMAC 7 not raise or spend any funds. Candidates who have collected no contributions and made no expenditures shall file a statement of no activity. B. Candidates who do not raise funds are not required to open a campaign bank account. C. Receiving funds as a publicly financed candidate pursuant to the Voter Action Act is considered raising funds for the purpose of this rule. D. Candidates who maintain a zero balance in CFIS for the duration of a primary or general election cycle shall be administratively closed by the secretary of state.