Article V — Surplus Campaign Funds

(a) At the termination of the election cycle, all candidates (whether defeated or elected) shall be required to have a zero balance in their campaign fund account. Disbursement of all unused ("surplus") campaign funds is mandatory by the termination of the election cycle.

(b) With respect to loans a candidate makes to his/her own campaign, before the end of the election cycle, either (1) the loan must be repaid in full to the candidate, or (2) the outstanding loan balance must be forgiven ("written off") by the candidate.

(c) Surplus campaign funds may be expended (1) for a post-election event held no later than the end of the election cycle, and/or (with the explicit exclusion of payment for an elected officer's expenses unrelated to the election campaign) (2) for the purposes delineated in Government Code Sections 89519(b)(1) through (3) (entitled "Surplus campaign funds; disclosure; use").

(d) The City's campaign expenditure limitations do not apply to surplus campaign funds disbursed in compliance with the provisions of this section.

(Ord. 1924 § 1, 4-22-2014; Ord. 1954 § 1, 5-17-2016)