Nebraska Administrative Code
Topic - ACCOUNTABILITY AND DISCLOSURE COMMISSION
Title 4 - NEBRASKA ACCOUNTABILITY AND DISCLOSURE COMMISSION
Chapter 4 - RULES AND REGULATIONS FOR DISSOLUTION OF COMMITTEES
Section 4-4-003 - ALL COMMITTEES

Universal Citation: 4 NE Admin Rules and Regs ch 4 ยง 003

Current through March 20, 2024

.01 A committee may terminate only upon filing a statement of dissolution on the appropriate Nebraska Accountability and Disclosure form or upon filing a written statement containing the same information with the filing officials with whom the committee's statement of organization was filed. Only a committee which will no longer receive any contributions or make any expenditures may dissolve, provided that such committee has no outstanding debts and obligations.

.02 In addition to the statement of dissolution, the committee shall also file a final Campaign Statement covering the period from the closing date of the last Campaign Statement filed through the date of dissolution. If the committee has never filed a Campaign Statement, the period covered shall begin with the date money was first raised, received or expended. Such Campaign Statement shall disclose the disposition of unexpended funds and any physical assets of the committee.

.03 No unexpended funds shall be transferred contrary to the provisions of section 49-1446.02 or to any person except a candidate committee, a political party committee, a tax exempt charitable institution, the Campaign Finance Limitation Act Cash Fund, the State of Nebraska or any agency thereof or a fund of any political subdivision of the State subject to the Nebraska Budget Act, or any or all of the contributors thereof, provided that no contributor shall receive more than he or she contributed.

.04 Any physical asset of a dissolving committee must be:

a) sold at a reasonable price with the proceeds being transferred as set forth in Section 003.03;

b) donated to a candidate or political party committee; or

c) donated to a tax exempt charitable institution. In the case of a candidate committee, the physical asset(s) of the committee may be retained by the candidate if the candidate's contributions to the committee exceed the reasonable value of the asset(s) retained. The physical assets of the committee may otherwise be purchased by the candidate. If the candidate purchases or otherwise retains a physical asset of his or her committee, he or she shall provide to the Commission on request, documentation as to the reasonable value of the physical asset and the amount of the candidate's contributions to the committee.

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