UT Code § 20A-11-402 (2021)
2021 Utah Code|Title 20A - Election Code|Chapter 11 - Campaign and Financial Reporting Requirements|Part 4 - Officeholder Financial Reporting Requirements|Section 402 - Officeholder financial reporting requirements -- Statement of dissolution.

 Effective 5/14/2019  20A-11-402. Officeholder financial reporting requirements -- Statement of dissolution.    (1) An officeholder or former officeholder is active and subject to reporting requirements until the officeholder or former officeholder has filed a statement of dissolution with the lieutenant governor stating that:   (a) the officeholder or former officeholder is no longer receiving contributions or public service assistance and is no longer making expenditures;     (b) the ending balance on the last summary report filed is zero and the balance in the separate bank account required by Section 20A-11-201, 20A-11-301, or 20A-11-1301 is zero; and     (c) a final summary report in the form required by Section 20A-11-401 showing a zero balance is attached to the statement of dissolution.       (2) A statement of dissolution and a final summary report may be filed at any time.     (3)   (a) Each officeholder shall report to the lieutenant governor each contribution or public service assistance received by the state officeholder within 31 days after the day on which the officeholder receives the contribution or public service assistance.     (b) For each contribution or public service assistance that an officeholder fails to report within the time period described in Subsection (3)(a), the lieutenant governor shall impose a fine against the officeholder in an amount equal to:   (i) 10% of the amount of the contribution or public service assistance if the officeholder reports the contribution or public service assistance within 60 days after the day on which the time period described in Subsection (3)(a) ends; or     (ii) 20% of the amount of the contribution or public service assistance if the officeholder fails to report the contribution or public service assistance within 60 days after the day on which the time period described in Subsection (3)(a) ends.       (c) Each officeholder or former officeholder shall continue to file the year-end summary report required by Section 20A-11-401 until the statement of dissolution and final summary report required by this section are filed with the lieutenant governor.       (4) An officeholder or former officeholder may not use a contribution or public service assistance deposited in an account in accordance with this chapter for:   (a) a personal use expenditure; or     (b) an expenditure prohibited by law.       (5)   (a) Except as provided in Subsection (5)(b), a former officeholder may not expend or transfer the money in a campaign account in a manner that would cause the former officeholder to recognize the money as taxable income under federal tax law.     (b) A former officeholder may transfer the money in a campaign account in a manner that would cause the former officeholder to recognize the money as taxable income under federal tax law if the transfer is made to a campaign account for federal office.      Amended by Chapter 74, 2019 General Session