2011 Utah Code
Title 20A Election Code
Chapter 11 Campaign and Financial Reporting Requirements
Section 402 Officeholder financial reporting requirements -- Termination of duty to report.

20A-11-402. Officeholder financial reporting requirements -- Termination of duty to report.
(1) An officeholder is active and subject to reporting requirements until the officeholder has filed a statement of dissolution with the lieutenant governor stating that:
(a) the officeholder is no longer receiving contributions or public service assistance and is no longer making expenditures;
(b) the ending balance on the last summary report filed is zero and the balance in the separate bank account required by Sections 20A-11-201 and 20A-11-301 is zero; and
(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) Each 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 may not use a contribution deposited in an account in accordance with this chapter for:
(a) a personal use expenditure; or
(b) an expenditure prohibited by law.
(5) (a) Except as provided in Subsection (5)(b), a person who is no longer an 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.
(b) A person who is no longer an 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.