3015 USE OF SURPLUS FUNDS

3015.1 Surplus funds of a citizen-service program or a Statehood fund shall be disbursed within one hundred twenty (120) days of the date that the elected official performs the following:- (a) Vacates the public office held; or

- (b) Notifies the Director, in writing, of any determination that the citizen-service program or Statehood fund shall no longer receive contributions or make expenditures.3015.2 Surplus funds of a citizen-service program shall be disbursed only for the following:- (a) To retire the debts of the program; and

- (b) To donate to a not-for-profit organization within the meaning of the federal tax laws.3015.3 Surplus funds of a Statehood fund shall be disbursed by a U.S. Senator or Representative to retire debts and obligations for the following:- (a) Salaries;

- (b) Office expenses; and

- (c) Other expenses necessary to support the purposes and operations of the public office.3015.4 Upon retirement of debts and obligations, a U.S. Senator or Representative shall donate any remaining funds to a not-for-profit organization within the meaning of the federal tax laws.3015.5 Surplus funds of a candidate or candidate-elect shall be disbursed within six (6) months of the following:- (a) Defeat in an election;

- (b) Election to office; and

- (c) Withdrawal as a candidate.3015.6 Surplus funds of a candidate or candidate-elect shall be disbursed by one (1) of the following methods:- (a) Used to retire the debts of the political committee which received the funds;

- (b) Returned to donors; or

1. (c) Contributed to a political party for political purposes.3015.7 Surplus funds may be transferred to any charitable, scientific, literary, or educational organization or any other organization which meets the requirements of the tax laws of the District of Columbia by the following:- (a) A candidate or candidate-elect for member of the State Board of Education; or
2. (b) A political committee formed to collect signatures or advocate the ratification or defeat of any initiative, referendum, or recall measure.3015.8 Any candidate-elect, who is authorized to establish a citizen service program, under § 3014, may transfer any surplus funds to the respective citizen-service program.3015.9 A campaign committee shall continue to function after the election for which the committee was organized, as an authorized committee, until all debts and obligations are extinguished.3015.10 A campaign committee, pursuant to § 3015.9, shall comply with the following:- (a) Dispose of all surplus funds in accordance with § 3015;
3. (b) Refrain from collecting or spending money to support a candidate in a future election;
4. (c) Adhere to contributions limitations, pursuant to § 3011; and
5. (d) File Reports, pursuant to § 3008.3015.11 A citizen-service program or a Statehood fund shall continue to file R&E Reports, pursuant to §§ 3008 and 3017 of this chapter, until all debts are satisfied.

SOURCE: Final Rulemaking published at 45 D.C. Reg. 3161, 3178-80 (May 20, 1998); as amended by Final Rulemaking published at 47 D.C. Reg. 2171, 2182-83 (March 24, 2000); and as amended by Final Rulemaking published at 57 D.C. Reg. 2229, 2247 (March 19, 2010).