Washington Administrative Code › Title 390 - Public Disclosure Commission › Chapter 390-16 - Campaign finance reporting › Section 390-16-230 - Surplus campaign funds-Use in future

Current through Register Vol. 24-14, July 15, 2024
(1) If after the last day of the election
			 cycle for candidates as defined in
			 RCW
			  42.17A.005 any contribution is received or an
			 expenditure is made from surplus funds for any purpose which would qualify the
			 recipient or person who made the expenditure as a candidate or political
			 committee, it will be presumed the recipient or person who made the expenditure
			 of such funds has initiated a new candidacy or committee. Surplus funds may
			 only be expended for a new candidacy if the candidate is seeking the same
			 office sought at the candidate's last election. Within fourteen days of the day
			 such contribution is received or expenditure is made, such candidate or
			 political committee must file (a) a final report for the previous campaign as
			 provided in
			 RCW
			  42.17A.235 and
			 42.17A.240;
			 and (b) a statement of organization and initial report for the new campaign as
			 provided by
			 RCW
			  42.17A.205,
			 42.17A.235 and
			 42.17A.240.
			 The surplus funds may be carried forward to the new campaign, reported as one
			 sum and listed as a contribution identified as "funds from previous campaign."
			 All augmentations to and all expenditures made from the retained surplus funds
			 after the last day of the election cycle must be reported in detail as to
			 source, recipient, purpose, amount and date of each transaction.
(2) For candidates as defined in
			 RCW
			  42.17A.005, if at any time after the last day
			 of the election cycle, any contribution is received or expenditure is made from
			 such surplus funds for any purpose which would qualify the recipient or person
			 who made the expenditure as a candidate or authorized committee, it will be
			 presumed the recipient or person who made the expenditure of such funds has
			 initiated a new candidacy or committee. Surplus funds may only be expended for
			 a new candidacy if the candidate is seeking the same office sought at the
			 candidate's last election. Within fourteen days of the day such contribution is
			 received or expenditure is made, such candidate or authorized committee must
			 file (a) a final report for the previous campaign as provided in
			 RCW
			  42.17A.235 and
			 42.17A.240;
			 and (b) a statement of organization and initial report for the new campaign as
			 provided by
			 RCW
			  42.17A.205,
			 42.17A.235 and
			 42.17A.240.
			 The surplus funds as of the last day of the election cycle may be carried
			 forward to the new campaign, reported as one sum and listed as a contribution
			 identified as "funds from previous campaign." "Funds from previous campaign"
			 carried forward by a candidate to the candidate's new campaign are not subject
			 to contribution limits set forth in
			 RCW
			  42.17A.405.
(3) A political committee formed to support
			 or oppose a particular ballot proposition or particular candidates which
			 retains surplus funds to use in support or opposition of other candidates or of
			 other ballot propositions has become a continuing political committee and must
			 thereafter register and report in accordance with chapter 42.17A RCW.
Statutory Authority:
				  RCW
				   42.17A.110. 12-03-002, § 390-16-230,
				  filed 1/4/12, effective 2/4/12. Statutory Authority: RCW  42.17.370. 07-07-005,
				  § 390-16-230, filed 3/8/07, effective 4/8/07; 93-22-002, §
				  390-16-230, filed 10/20/93, effective 11/20/93; 93-16-064, § 390-16-230,
				  filed 7/30/93, effective 8/30/93. Statutory Authority: RCW  42.17.370(1).
				  86-04-071 (Order 86-01), § 390-16-230, filed 2/5/86; 82-14-016 (Order
				  82-04), § 390-16-230, filed 6/28/82; Order 70, § 390-16-230, filed
				  2/25/76; Order 62, § 390-16-230, filed
				  8/26/75.