88.32 (1) This section applies if all of the following circumstances exist: 1.  A candidate or registered third party has paid a surplus to the clerk under subsection 88.31 (4). 2.  The candidate’s election campaign period has ended under paragraph 2, 3 or 4 of subsection 88.24 (1) or the registered third party’s campaign period has ended under paragraph 2 or 3 of section 88.28. 3.  It is no longer possible to recommence the campaign period under paragraph 5 of subsection 88.24 (1) or paragraph 4 of section 88.28. 4.  The candidate or registered third party subsequently incurs expenses relating to a compliance audit. 2016, c. 15, s. 62. Return of surplus (2) If the candidate or registered third party notifies the clerk in writing that he, she or it is incurring subsequent expenses relating to a compliance audit, the clerk shall return the amount of the surplus, with interest, to the candidate or registered third party. 2016, c. 15, s. 62. Effect of return of surplus (3) If the surplus is returned to the candidate or registered third party, he, she or it is permitted to incur expenses relating to a compliance audit but no other expenses may be incurred. 2016, c. 15, s. 62. Reporting periods (4) The first reporting period of the candidate or registered third party under this section begins on the day after the surplus is returned and ends 90 days later, and each successive period of 90 days is a further reporting period. 2016, c. 15, s. 62. Financial statements (5) For each reporting period, the candidate or registered third party shall file with the clerk a financial statement in the prescribed form reflecting the expenses of the candidate or registered third party for the reporting period, and the financial statement must be filed no later than 2 p.m. on the 10th day after the end of the reporting period. 2016, c. 15, s. 62. Final financial statement (6) If, during a reporting period, the amount of surplus is reduced to zero or any remaining surplus is no longer required by the candidate or registered third party for expenses relating to a compliance audit, the candidate or registered third party shall file a final financial statement. 2016, c. 15, s. 62. Repayment of remaining surplus (7) If the final financial statement indicates that there is any remaining surplus, the candidate or registered third party shall pay the remaining surplus to the clerk when the financial statement is filed. 2016, c. 15, s. 62. Remaining surplus held in trust by clerk (8) The clerk shall hold the amount of the remaining surplus in trust for the candidate or registered third party. 2016, c. 15, s. 62. Release of amount if another compliance audit (9) If, after the candidate or registered third party pays the remaining surplus to the clerk, another compliance audit commences, subsections (2) to (8) apply, with necessary modifications, with respect to the subsequent compliance audit. 2016, c. 15, s. 62. Amount to become property of municipality or local board (10) The amount of the remaining surplus becomes the property of the municipality or the local board, as the case may be, when the compliance audit is finally determined and the period for commencing any other compliance audit has expired. 2016, c. 15, s. 62. Section Amendments with date in force (d/m/y) 2016, c. 15, s. 62 - 09/06/2016 Compliance Audits and Reviews of Contributions Compliance audit of candidates’ campaign finances