(a) (1) (A) A local-option ballot question committee shall file a Ballot Question Committee Statement of Organization with the Arkansas Ethics Commission within five (5) days of receiving contributions or making expenditures in excess of five hundred dollars ($500) for the purpose of expressly advocating the qualification, passage, or defeat of a local-option ballot question.
(B) The commission shall maintain the statement of organization until notified of the committee's dissolution.
(2) A local-option ballot question committee failing to file a statement of organization required by this section shall be subject to a late filing fee not to exceed fifty dollars ($50.00) for each day the statement remains not filed.
(b) The statement of organization shall include the information required by the statement of organization form prescribed by the Executive Director of the Arkansas Ethics Commission, and any further information the director may by regulation require.
(c) Rules regarding dissolution shall be governed by the rule of the commission.
(d) (1) Upon dissolution, a local-option ballot question committee shall notify the commission of the dissolution in writing.
(2) Any remaining funds on hand at the time of dissolution shall be turned over to:
(A) The Treasurer of State for the benefit of the General Revenue Fund Account of the State Apportionment Fund;
(B) An organized political party as defined in § 7-1-101 or a political party caucus of the General Assembly, the Senate, or the House of Representatives;
(C) A nonprofit organization that is exempt from taxation under the Internal Revenue Code, 26 U.S.C. § 501(c)(3);
(D) Cities of the first class, cities of the second class, or incorporated towns; or
(E) The contributors to the local-option ballot question committee.
Section: Previous 3-8-702 3-8-703 3-8-704 3-8-705 3-8-706 3-8-707 3-8-708 3-8-709 3-8-710 3-8-711 3-8-712 3-8-713 3-8-714 3-8-715 NextLast modified: November 15, 2016