(a)(1) (A) A local-option ballot question committee shall file a Local-Option 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, disqualification, 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 for a loca
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(a) (1) (A) A local-option ballot question committee shall file a Local-Option 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, disqualification, 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 for a local-option ballot question committee as defined in § 3-8-702(7)(A) shall include the following information: (1) (A) The name, the street address, and if available, the telephone number of the committee. (B) A committee address and telephone number may be that of the residence of an officer or a director of the committee; (2) The name, street address, and if available, the telephone number of the treasurer and other principal officers and directors of the committee; (3) The name and address of each financial institution in which the committee deposits money or anything else of monetary value; (4) The name of each person who is a member of the committee. A person that is not an individual may be listed by its name without also listing its own members, if any; and (5) A brief statement identifying the substance of each ballot question, the qualification, disqualification, passage, or defeat of which the committee seeks to influence or of each legislative question, the passage or defeat of which the committee seeks to influence, and if known, the date each ballot or legislative question shall be presented to a popular vote at an election. (c) The statement of organization for a local-option ballot question committee as defined in § 3-8-702(7)(B) shall include the following information: (1) (A) The name, the street address, and if available, the telephone number of the committee. (B) A committee's address and telephone number may be that of the residence of an officer or a director of the committee; (2) The name, street address, and where available, the telephone number of the treasurer and the other principal officers and directors of the committee; (3) The name and address of each financial institution in which the committee deposits money or anything else of monetary value; (4) The name of each person who is a member of the committee. A person that is not an individual may be listed by its name without also listing its own members, if any; and (5) A brief statement identifying the substance of each ballot question, the qualification, disqualification, passage, or defeat of which the committee seeks to influence, and if known, the date each ballot or legislative question shall be presented to a popular vote at an election. (d) Rules regarding dissolution shall be governed by the rule of the commission. (e) (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.