1. (1) The definitions in Sections 10-3-208 and 10-3-209 apply to this section.

2. (2) A candidate is subject to the year-end summary reporting requirements described in Section 10-3-209.1 until the candidate files a statement of account dissolution with the municipal clerk or recorder stating that:

   1. (a) the candidate is no longer receiving contributions and is no longer making expenditures;
   2. (b) the ending balance on the most recent year-end summary report filed under Section 10-3-209.1 is zero;
   3. (c) the balance in the campaign account required under Subsection 10-3-208(3)(a) is zero; and
   4. (d) a final year-end summary report in the form required by Section 10-3-209.1 showing a zero balance is attached to the statement of account dissolution.
3. (3) A statement of account dissolution and final summary report may be filed at any time.
4. (4) A candidate shall continue to file the year-end summary report required by Section 10-3-209.1 until the statement of account dissolution and final summary report required by this section are filed with the municipal clerk or recorder.

5. (5) A candidate shall, before filing a statement of account dissolution, dispose of any money remaining in the campaign account described in Subsection 10-3-208(3)(a) by:

   1. (a) returning the money to donors;
   2. (b) donating the money to an organization that is exempt from federal income taxation under Section 501(c)(3), Internal Revenue Code; or
   3. (c) making another lawful expenditure of the money for political purposes.

Enacted by Chapter 289, 2026 General Session