Iowa Administrative Code › Agency 351 - Ethics and Campaign Disclosure Board, Iowa › Chapter 4 - Campaign Disclosure Procedures › Rule 351-4.7 - Disclosure Reporting Required; Information on Initial Report; Minimum Filing if No Activity

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Disclosure reporting required.
Every committee that has filed
			 a statement of organization under Iowa Code section
			 68A.201
			 and rule 351-4.1 (68A,68B), has exceeded
			 the financial activity threshold set out in Iowa Code section 68A. 102(5)or
			 (18) prior to the cutoff date for reporting campaign transactions, or has made
			 an independent expenditure shall file a campaign disclosure report pursuant to
			 Iowa Code section
			 68A.402.
			 Form Ind-Exp-0 shall serve as a campaign disclosure report for an independent
			 expenditure committee. Form Ind-Exp-I shall serve as a campaign disclosure
			 report for a sole individual making an independent expenditure.
(2)
Information on initial
			 report.
The first disclosure report filed by a committee shall include
			 the relevant financial information covering the period from the beginning of
			 the committee's financial activity through the end of the current reporting
			 period.
(3)
Funds available
			 from prior committee.
If funds are available to a candidate's
			 committee from a prior candidacy of that candidate, or to a ballot issue
			 committee from a prior effort on a ballot issue, and the prior candidacy or
			 effort had not exceeded the financial reporting threshold, the carryover
			 balance shall be disclosed by the new committee. The disclosure shall be made
			 on Schedule A - Contributions and shall include the amount of the carryover,
			 the date of the prior election, and the name and address of any source that
			 made contributions to the candidacy or ballot effort that totaled more than
			 $1,000 during the preceding three calendar years.
(4)
Funds available from prehallot
			 issue activity.
Funds that are raised for an activity that is not
			 included in the definition of aballot issue in Iowa Code section 68A. 102(1)
			 and that are made available to a subsequent ballot issue committee shall be
			 disclosed by the committee. The disclosure shall be made on Schedule A -
			 Contributions and shall include the amount of the carryover balance, the date
			 of the preballot issue activity, and the name and address of any source that
			 made contributions to the activity that totaled more than $1,000 during the
			 previous three calendar years.
(5)
No financial activity during reporting period.
A committee
			 that did not have any financial activity during the relevant reporting period
			 for which a disclosure report is due shall be required to file only Form DR-2.
			 However, if the committee had previously disclosed debts or loans, those
			 obligations shall again be disclosed on either Schedule D - Incurred
			 Indebtedness or Schedule F - Loans Received and Repaid, as appropriate, and the
			 schedule or schedules shall be included with Form DR-2. A candidate's committee
			 that has reportable campaign property under Iowa Code Supplement section
			 68A.304 shall
			 disclose the property on Schedule H - Campaign Property and the schedule shall
			 be included with Form DR-2.
This rule is intended to implement Iowa Code section
				68A.402.