§ 102.3. Termination of registration (52 U.S.C. 30103(d)(1)).
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/us/cfr/t11/s§ 102.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)(1) A political committee (other than a principal campaign committee) may terminate only upon filing a termination report on the appropriate FEC Form or upon filing a written statement containing the same information with the Commission. Except as provided in 11 CFR 102.4(c), only a committee which will no longer receive any contributions or make any disbursements that would otherwise qualify it as a political committee may terminate, provided that such committee has no outstanding debts and obligations. In addition to the Notice, the committee shall also provide a final report of receipts and disbursements, which report shall include a statement as to the purpose for which such residual funds will be used, including a statement as to whether such residual funds will be used to defray expenses incurred in connection with an individual's duties as a holder of federal office.
(2)An authorized committee of a qualified Member, as defined at 11 CFR 113.1(f), shall comply with the requirements of 11 CFR 113.2 before any excess funds are converted to such Member's personal use. All other authorized committees shall include in their termination reports a statement signed by the treasurer, stating that no noncash committee assets will be converted to personal use.
(b)Except as provided at 11 CFR 102.4, a principal campaign committee may not terminate until it has met the requirements of 11 CFR 102.3(a) and until all debts of any other authorized committee(s) of the candidate have been extinguished. \[45 FR 15104, Mar. 7, 1980, as amended at 45 FR 21209, Apr. 1, 1980; 56 FR 34126, July 25, 1991; 84 FR 18699, May 2, 2019\]
Connections13 cite this · traces to 4
Cited by 13 sections · top 10
CFR
- § 116.7Debt settlement plans filed by terminating committees; Commission review.
- § 110.3Contribution limitations for affiliated committees and political party committees; transfers (52 U.S.C. 30116(a)(4), 30116(a)(5)).
- § 102.3Termination of registration (52 U.S.C. 30103(d)(1)).
- § 116.1Definitions.
- § 116.9Creditors that cannot be found or that are out of business.
- § 116.2Debts owed by terminating committees, ongoing committees, and authorized committees.
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§ 102.3
Termination of registration (52 U.S.C. 30103(d)(1)).
C.F.R.×9
Fed. Reg.×4
Cites 4Cited by 13 across 2 sources