[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR102.3]

[Page 84]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 102_REGISTRATION, ORGANIZATION, AND RECORDKEEPING BY POLITICAL 
COMMITTEES (2 U.S.C. 433)--Table of Contents
 
Sec.  102.3  Termination of registration (2 U.S.C. 433(d)(1)).

    (a)(1) A political committee (other than a principal campaign 
committee) may terminate only upon filing a termination report on the 
appropriate FEC Form or upon filing a written statement containing the 
same information at the place of filing specified at 11 CFR part 105. 
Except as provided in 11 CFR 102.4(c), only a committee which will no 
longer receive any contributions or make any disbursements that would 
otherwise qualify it as a political committee may terminate, provided 
that such committee has no outstanding debts and obligations. In 
addition to the Notice, the committee shall also provide a final report 
of receipts and disbursements, which report shall include a statement as 
to the purpose for which such residual funds will be used, including a 
statement as to whether such residual funds will be used to defray 
expenses incurred in connection with an individual's duties as a holder 
of federal office.
    (2) An authorized committee of a qualified Member, as defined at 11 
CFR 113.1(f), shall comply with the requirements of 11 CFR 113.2 before 
any excess funds are converted to such Member's personal use. All other 
authorized committees shall include in their termination reports a 
statement signed by the treasurer, stating that no noncash committee 
assets will be converted to personal use.
    (b) Except as provided at 11 CFR 102.4, a principal campaign 
committee may not terminate until it has met the requirements of 11 CFR 
102.3(a) and until all debts of any other authorized committee(s) of the 
candidate have been extinguished.

[45 FR 15104, Mar. 7, 1980, as amended at 45 FR 21209, Apr. 1, 1980; 56 
FR 34126, July 25, 1991]

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