WSR 17-01-160 PERMANENT RULES PUBLIC DISCLOSURE COMMISSION [Filed December 21, 2016, 10:01 a.m., effective January 21, 2017]
Effective Date of Rule: Thirty-one days after filing.
Purpose: New WAC 390-16-236 establishes a schedule for registering a surplus funds account and disclosing surplus funds expenditures.
Adopted under notice filed as WSR 16-21-036 on October 11, 2016.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0 [1], Amended 1 [0], Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0 [1], Amended 1 [0], Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.
Date Adopted: December 8, 2016.
Jana Y. Greer
Executive Assistant
NEW SECTION
WAC 390-16-236 Surplus funds accounts—Disclosure.
(1) Registering a surplus funds account.
(a) Any person who opens an account into which surplus funds will be deposited shall register the account by filing PDC Form C-1, Candidate Registration with the public disclosure commission. The committee name on the C-1 will be the name used by the campaign committee that raised the surplus funds followed by the designation, "surplus funds account." The C-1 must identify by name the treasurer of the account and the bank or depository where the account is held.
(b) The C-1 must be filed within two weeks after the date the account is opened.
(2) Depositing surplus funds.
(a) After a surplus funds account is established, a candidate may deposit into the account all surplus funds from subsequent campaigns.
(b) Only surplus funds may be deposited in a surplus funds account.
(c) A candidate who deposits surplus funds into a surplus funds account discloses an expenditure of campaign funds with the description "transfer to surplus funds account," the amount transferred, and the date the transfer occurred.
(3) Disclosing surplus funds expenditures.
(a) The treasurer shall file with the commission a report on the tenth day of each month detailing expenditures made in the preceding calendar month. This report need only be filed if the total expenditures made since the last such report exceeded two hundred dollars. The report shall be on PDC Form C-4, Campaign Summary Receipt & Expenditures.
(b) The treasurer shall file reports as required by (a) of this subsection until the account is closed, at which time a final report shall be filed.
(c) All reports filed disclosing expenditures from the surplus funds account shall be certified as correct by the treasurer.
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