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FPPC presenter outlines steps for defeated candidates to close or retain campaign committees
Summary
An FPPC presenter explained filing options, deadlines and fees for candidates who lose elections, including when to file termination statements, how leftover funds become surplus and when to file a candidate intention statement for a future run.
A Fair Political Practices Commission presenter outlined steps candidates who lose elections should take to close or maintain their campaign committees in an informational video.
The presenter said candidates who filed a Form 470 (the short form) and did not raise or spend $2,000 or more during the calendar year generally have no further filing obligations. “If you filed a form 470, the short form, and as long as you didn't raise or spend $2,000 or more during the calendar year, that's it,” the presenter said.
For committees that filed Form 460, the presenter said the committee must continue filing Form 460 campaign statements and…
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