Utah § 20A-11-402 Officeholder financial reporting requirements -- Statement of dissolution.

Utah Statutes

§ 20A-11-402 — Officeholder financial reporting requirements -- Statement of dissolution.

Utah § 20A-11-402

Title 20AElection Code

Ch. 20A-11Campaign and Financial Reporting Requirements

Part 20A-11-4Officeholder Financial Reporting Requirements

This text of Utah § 20A-11-402 (Officeholder financial reporting requirements -- Statement of dissolution.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 20A-11-402 (2026).

Text

(1)An officeholder or former officeholder is active and subject to reporting requirements until the officeholder or former officeholder has filed a statement of dissolution with the lieutenant governor stating that:

(1)(a) the officeholder or former officeholder is no longer receiving contributions or public service assistance and is no longer making expenditures;

(1)(b) the ending balance on the last summary report filed is zero and the balance in the separate bank account required by Section 20A-11-201, 20A-11-301, or 20A-11-1301 is zero; and

(1)(c) a final summary report in the form required by Section 20A-11-401 showing a zero balance is attached to the statement of dissolution.

(2)A statement of dissolution and a final summary report may be filed at any time.

(3)(3)(a) Each officeh

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(1) An officeholder or former officeholder is active and subject to reporting requirements until the officeholder or former officeholder has filed a statement of dissolution with the lieutenant governor stating that:
(1)(a) the officeholder or former officeholder is no longer receiving contributions or public service assistance and is no longer making expenditures;
(1)(b) the ending balance on the last summary report filed is zero and the balance in the separate bank account required by Section 20A-11-201, 20A-11-301, or 20A-11-1301 is zero; and
(1)(c) a final summary report in the form required by Section 20A-11-401 showing a zero balance is attached to the statement of dissolution.
(2) A statement of dissolution and a final summary report may be filed at any time.
(3) (3)(a) Each officeholder shall report to the lieutenant governor each contribution or public service assistance received by the state officeholder within 31 calendar days after the day on which the officeholder receives the contribution or public service assistance.
(3)(b) For each contribution or public service assistance that an officeholder fails to report within the time period described in Subsection (3)(a), the lieutenant governor shall impose a fine against the officeholder in an amount equal to:
(3)(b)(i) 10% of the amount of the contribution or public service assistance if the officeholder reports the contribution or public service assistance within 60 calendar days after the day on which the time period described in Subsection (3)(a) ends; or
(3)(b)(ii) 20% of the amount of the contribution or public service assistance if the officeholder fails to report the contribution or public service assistance within 60 calendar days after the day on which the time period described in Subsection (3)(a) ends.
(3)(c) Each officeholder or former officeholder shall continue to file the year-end summary report required by Section 20A-11-401 until the statement of dissolution and final summary report required by this section are filed with the lieutenant governor.
(4) An officeholder or former officeholder may not use a contribution or public service assistance deposited in an account in accordance with this chapter for:
(4)(a) a personal use expenditure; or
(4)(b) an expenditure prohibited by law.
(5) (5)(a) Except as provided in Subsection (5)(b), a former officeholder may not expend or transfer the money in a campaign account in a manner that would cause the former officeholder to recognize the money as taxable income under federal tax law.
(5)(b) A former officeholder may transfer the money in a campaign account in a manner that would cause the former officeholder to recognize the money as taxable income under federal tax law if the transfer is made to a campaign account for federal office.