(a) The security provided by the local organizing committee pursuant
to this act is fully expended and exhausted;
(b) Any security provided by any other person or entity is fully
expended and exhausted;
(c) The limits of available insurance policies covering the net
financial deficit or any expense or liability used in determining the
net financial deficit, have been fully expended and exhausted; and
(d) Payment has been sought by the local organizing committee from all
third parties owing monies or otherwise liable to the local organizing
committee.