State Codes and Statutes

Statutes > Utah > Title-20a > Chapter-11 > 20a-11-203-superseded-01-01-11

20A-11-203 (Superseded 01/01/11). State office candidate -- Financial reportingrequirements -- Year-end summary report.
(1) (a) Each state office candidate shall file a summary report by January 10 of the yearafter the regular general election year.
(b) Beginning with the 2008 regular general election and in addition to the requirementsof Subsection (1)(a), a former state office candidate that has not filed the statement of dissolutionand final summary report required under Section 20A-11-205 shall continue to file a summaryreport on January 10 of each year.
(2) (a) Each summary report shall include the following information as of December 31of the previous year:
(i) the net balance of the last summary report, if any;
(ii) a single figure equal to the total amount of receipts reported on all interim reports, ifany;
(iii) a single figure equal to the total amount of expenditures reported on all interimreports, if any, filed during the previous year;
(iv) a detailed listing of each contribution and public service assistance received since thelast summary report that has not been reported in detail on an interim report;
(v) for each nonmonetary contribution:
(A) the fair market value of the contribution with that information provided by thecontributor; and
(B) a specific description of the contribution;
(vi) a detailed listing of each expenditure made since the last summary report that has notbeen reported in detail on an interim report;
(vii) for each nonmonetary expenditure, the fair market value of the expenditure; and
(viii) a net balance for the year consisting of the net balance from the last summaryreport, if any, plus all receipts minus all expenditures.
(b) (i) For all single contributions or public service assistance of $50 or less, a singleaggregate figure may be reported without separate detailed listings.
(ii) Two or more contributions from the same source that have an aggregate total of morethan $50 may not be reported in the aggregate, but shall be reported separately.
(c) In preparing the report, all receipts and expenditures shall be reported as of December31 of the previous year.
(3) The summary report shall contain a paragraph signed by an authorized member of thestate office candidate's personal campaign committee or by the state office candidate certifyingthat, to the best of the signer's knowledge, all receipts and all expenditures have been reported asof December 31 of the previous year and that there are no bills or obligations outstanding andunpaid except as set forth in that report.

Amended by Chapter 361, 2009 General Session