20A-11-701.5. Campaign financial reporting by corporations -- Filing requirements -- Statement contents.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 11/6/2025

(a)Each corporation that has made expenditures for political purposes that total at least $750 during a calendar year shall file a verified financial statement with the lieutenant governor's office:

(i)on January 10, reporting expenditures as of December 31 of the previous year;

(ii)seven calendar days before the state political convention for each major political party;

(iii)seven calendar days before the regular primary election date;

(iv)on September 30; and

(v)seven calendar days before the regular general election date.

(b)The corporation shall report:

(i)a detailed listing of all expenditures made since the last financial statement;

(ii)for a financial statement described in Subsections (1)(a)(ii) through

(v), all expenditures as of five calendar days before the required filing date of the financial statement; and

(iii)whether the corporation, including an officer of the corporation, director of the corporation, or person with at least 10% ownership in the corporation:

(A)has bid since the last financial statement on a contract, as defined in Section 63G-6a-103 , in excess of $100,000;

(B)is currently bidding on a contract, as defined in Section 63G-6a-103 , in excess of $100,000; or

(C)is a party to a contract, as defined in Section 63G-6a-103 , in excess of $100,000.

(c)The corporation need not file a financial statement under this section if the corporation made no expenditures during the reporting period.

(d)The corporation is not required to report an expenditure made to, or on behalf of, a reporting entity that the reporting entity is required to include in a financial statement described in this chapter, Chapter 12, Part 2, Judicial Retention Elections , Section 10-3-208 , or Section 17-70-403 .

(2)The financial statement shall include:

(a)the name and address of each reporting entity that received an expenditure from the corporation, and the amount of each expenditure;

(b)the total amount of expenditures disbursed by the corporation; and

(c)a statement by the corporation's treasurer or chief financial officer certifying the accuracy of the financial statement.

Amended by Chapter 16 , 2025 Special Session 1