Section 701.5 – Campaign financial reporting by corporations — Filing requirements — Statement contents.

• (1)
  • (a) Each corporation that has made expenditures for political purposes that total at least $750 during a calendar year shall file a verified financial statement with the lieutenant governor’s office:
    • (i) on January 10, reporting expenditures as of December 31 of the previous year;
    • (ii) seven days before the state political convention for each major political party;
    • (iii) seven days before the regular primary election date;
    • (iv) on September 30; and
    • (v) seven days before the regular general election date.
  • (b) The corporation shall report:
    • (i) a detailed listing of all expenditures made since the last financial statement;
    • (ii) for a financial statement described in Subsections (1)(a)(ii) through (v), all expenditures as of five days before the required filing date of the financial statement; and
    • (iii) whether the corporation, including an officer of the corporation, director of the corporation, or person with at least 10% ownership in the corporation:
      • (A) has bid since the last financial statement on a contract, as defined in Section 63G-6a-103, in excess of $100,000;
      • (B) is currently bidding on a contract, as defined in Section 63G-6a-103, in excess of $100,000; or
      • (C) is a party to a contract, as defined in Section 63G-6a-103, in excess of $100,000.
  • (c) The corporation need not file a financial statement under this section if the corporation made no expenditures during the reporting period.
  • (d) The corporation is not required to report an expenditure made to, or on behalf of, a reporting entity that the reporting entity is required to include in a financial statement described in this chapter, Chapter 12, Part 2, Judicial Retention Elections, Section 10-3-208, or Section 17-16-6.5.

• (2) The financial statement shall include:
  • (a) the name and address of each reporting entity that received an expenditure from the corporation, and the amount of each expenditure;
  • (b) the total amount of expenditures disbursed by the corporation; and
  • (c) a statement by the corporation’s treasurer or chief financial officer certifying the accuracy of the financial statement.

Renumbered and Amended by Chapter 74, 2019 General Session