Subdivision 1. Election of voluntary inactive status. An association that has a political fund registered under this chapter may elect to have the fund placed on voluntary inactive status if the following conditions are met:
(1) the association makes a written request for inactive status;
(2) the association has filed all periodic reports required by this chapter and has received no contributions into its political fund and made no expenditures or disbursements through its political fund since the last date included on the association's most recent report; and
(3) the association has satisfied all obligations to the state for late filing fees and civil penalties imposed by the board or the board has waived this requirement.
Subd. 2. Effect of voluntary inactive status. After an association has complied with the requirements of subdivision 1:
(1) the board must notify the association that its political fund has been placed in voluntary inactive status and of the terms of this section;
(2) the board must stop sending the association reports, forms, and notices of report due dates that are periodically sent to entities registered with the board;
(3) the association is not required to file periodic disclosure reports for its political fund as otherwise required under this chapter;
(4) the association may not accept contributions into its political fund and may not make expenditures, contributions, or disbursements through its political fund; and
(5) if the association maintains a separate depository account for its political fund, it may continue to pay bank service charges and receive interest paid on that account while its political fund is in inactive status.
Subd. 3. Resumption of active status or termination. (a) An association that has placed its political fund in voluntary inactive status may resume active status upon written notice to the board.
(b) A political fund placed in voluntary inactive status must resume active status within 14 days of the date that it has accepted contributions or made expenditures, contributions, or disbursements that aggregate more than $750 since the political fund was placed on inactive status. If, after meeting this threshold, the association does not notify the board that its fund has resumed active status, the board may place the association's political fund in active status and notify the association of the change in status.
(c) An association that has placed its political fund in voluntary inactive status may terminate the registration of the fund without returning it to active status.
Subd. 4. Penalty for financial activity while in voluntary inactive status. If an association fails to notify the board of its political fund's resumption of active status under subdivision 3, the board may impose a civil penalty of $50 per day, not to exceed $1,000 commencing on the 15th calendar day after the fund resumed active status.
2013 c 138 art 1 s 37
Structure Minnesota Statutes
Chapters 10 - 12B — Government Miscellany
Chapter 10A — Campaign Finance And Public Disclosure
Section 10A.02 — Campaign Finance And Public Disclosure Board.
Section 10A.022 — Violations And Enforcement.
Section 10A.025 — Filing Requirements.
Section 10A.027 — Information On Website.
Section 10A.03 — Lobbyist Registration.
Section 10A.04 — Lobbyist Reports.
Section 10A.05 — Lobbyist Report.
Section 10A.06 — Contingent Fees Prohibited.
Section 10A.07 — Conflicts Of Interest.
Section 10A.071 — Certain Gifts By Lobbyists And Principals Prohibited.
Section 10A.08 — Representation Disclosure.
Section 10A.09 — Statements Of Economic Interest.
Section 10A.105 — Principal Campaign Committee.
Section 10A.11 — Organization Of Committees And Party Units.
Section 10A.12 — Political Funds.
Section 10A.121 — Independent Expenditure And Ballot Question Political Committees And Funds.
Section 10A.13 — Accounts That Must Be Kept.
Section 10A.14 — Registration.
Section 10A.15 — Contributions.
Section 10A.155 — Reimbursement Of Automobile Use.
Section 10A.16 — Earmarking Contributions Prohibited.
Section 10A.17 — Expenditures.
Section 10A.173 — Noncampaign Disbursements.
Section 10A.175 — Coordinated And Noncoordinated Expenditures; Definitions.
Section 10A.176 — Coordinated Expenditures.
Section 10A.177 — Noncoordinated Expenditures.
Section 10A.179 — Expenditures And Noncampaign Disbursements; General Provisions.
Section 10A.18 — Time For Rendering Bills, Charges, Or Claims; Penalty.
Section 10A.20 — Campaign Reports.
Section 10A.241 — Transfer Of Debts.
Section 10A.243 — Termination Of Registration.
Section 10A.244 — Voluntary Inactive Status; Political Funds.
Section 10A.245 — Administrative Termination Of Inactive Committees And Funds.
Section 10A.246 — Unpaid Debt Upon Termination.
Section 10A.25 — Spending Limits.
Section 10A.255 — Adjustment By Consumer Price Index.
Section 10A.257 — Carryforward.
Section 10A.27 — Contribution Limits.
Section 10A.271 — Sale Of Goods And Services For Fundraising Purposes.
Section 10A.273 — Contributions And Solicitations During Legislative Session.
Section 10A.275 — Multicandidate Political Party Expenditures.
Section 10A.28 — Penalty For Exceeding Limits.
Section 10A.29 — Circumvention Prohibited.
Section 10A.30 — State Elections Campaign Account.
Section 10A.31 — Designation Of Income Tax Payments.
Section 10A.315 — Special Election Subsidy.
Section 10A.321 — Estimates Of Minimum Amounts To Be Received.
Section 10A.322 — Spending Limit Agreements.
Section 10A.323 — Affidavit Of Contributions.
Section 10A.324 — Return Of Public Subsidy.
Section 10A.35 — Commercial Use Of Information Prohibited.
Section 10A.36 — Reprisals Prohibited; Penalty.