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(1) The treasurer of a political
committee shall file a statement of organization with the filing officer. The
statement must include:

(a) The name,
address and nature of the committee. The address must be the address of a
residence, office, headquarters or similar location where the political
committee or a responsible officer of the political committee may be
conveniently located.

(b) The name,
address and occupation of the committee director or directors.

(c) The name and
address of the committee treasurer.

(d) The name and
address of any other political committee of which two or more committee
directors are also directors of the committee filing the statement.

(e) The name,
office sought, and party affiliation of each candidate whom the committee is
supporting or specifically opposing or intends to support or specifically
oppose, when known, or, if the committee is supporting or specifically opposing
all the candidates of a given party, the name of that party.

(f) A designation
of any measure that the committee is opposing or supporting, or intends to
support or oppose.

(g) A statement
of whether the committee is a controlled committee.

(2) In addition
to the information listed in subsection (1) of this section, the statement of
organization must include, or be amended within five business days to include,
the name of the financial institution in which the campaign account required
under ORS 260.054 is established, the name of the account, the name of the
account holder and the names of all individuals who have signature authority
for the account. The Secretary of State may not disclose information received
by the secretary under this subsection except as necessary for purposes of
enforcing the provisions of ORS chapters 246 to 260.

(3) A treasurer
may designate an individual to receive any notice provided by a filing officer
under ORS chapters 246 to 260. The treasurer shall include the name and address
of the individual in a statement of organization filed under this section. A filing
officer who provides any notice under ORS chapters 246 to 260 to the treasurer
of the political committee shall also provide the notice to the individual
designated by the treasurer under this subsection.

(4) A treasurer
may designate an elector of this state to be liable for any civil penalty
imposed under ORS 260.232. The treasurer shall include the name and address of
any elector designated under this subsection in a statement of organization
filed under this section.

(5) The statement
of organization must be filed not later than the date specified in ORS 260.035.

(6) Except as
provided in subsection (2) of this section, any change in information submitted
in a statement of organization under subsections (1) and (2) of this section
must be indicated in an amended statement of organization filed not later than
the 10th day after the change in information.

(7) This section
does not apply to a political committee that is a principal campaign committee
or to a political committee exclusively supporting or opposing one or more
candidates for federal or political party office. [1975 c.683 §§2,3; 1979 c.190
§344; 1981 c.234 §1; 1983 c.71 §10; 1985 c.808 §53; 2001 c.965 §54; 2005 c.797 §6;
2005 c.809 §5; 2007 c.570 §4; 2009 c.818 §4; 2013 c.756 §10; 2017 c.517 §2;
2018 c.70 §15]



Note: The amendments to 260.042 by
section 6, chapter 9, Oregon Laws 2024, become operative January 1, 2027. See
section 23, chapter 9, Oregon Laws 2024. The text that is operative on and
after January 1, 2027, is set forth for the user’s convenience.

260.042. (1) The treasurer of a political
committee shall file a statement of organization with the filing officer. The
statement must include:

(a) The name and
address of the committee. The address must be the address of a residence,
office, headquarters or similar location where the political committee or a
responsible officer of the political committee may be conveniently located.

(b) The name,
address and occupation of the committee director or directors.

(c) The name and
address of the committee treasurer.

(d) The name and
address of any other political committee of which two or more committee
directors are also directors of the committee filing the statement.

(e) Whether the
political committee will operate as a measure political committee, a
multicandidate political committee, a political party multicandidate committee,
a legislative caucus committee, a membership organization political committee,
a recall political committee or a small donor political committee.

(f) The name,
office sought, and party affiliation of each candidate whom the committee is
supporting or specifically opposing or intends to support or specifically
oppose, when known, or, if the committee is supporting or specifically opposing
all the candidates of a given party, the name of that party.

(g) A designation
of any measure that the committee is opposing or supporting, or intends to
support or oppose.

(h) A statement
of whether the committee is a controlled committee.

(2) In addition
to the information listed in subsection (1) of this section, the statement of
organization must include, or be amended within five business days to include,
the name of the financial institution in which the campaign account required
under ORS 260.054 is established, the name of the account, the name of the
account holder and the names of all individuals who have signature authority
for the account. The Secretary of State may not disclose information received
by the secretary under this subsection except as necessary for purposes of
enforcing the provisions of ORS chapters 246 to 260.

(3) A treasurer
may designate an individual to receive any notice provided by a filing officer
under ORS chapters 246 to 260. The treasurer shall include the name and address
of the individual in a statement of organization filed under this section. A filing
officer who provides any notice under ORS chapters 246 to 260 to the treasurer
of the political committee shall also provide the notice to the individual
designated by the treasurer under this subsection.

(4) A treasurer
may designate an elector of this state to be liable for any civil penalty
imposed under ORS 260.232. The treasurer shall include the name and address of
any elector designated under this subsection in a statement of organization
filed under this section.

(5) The statement
of organization must be filed not later than the date specified in ORS 260.035.

(6) Except as
provided in subsection (2) of this section, any change in information submitted
in a statement of organization under subsections (1) and (2) of this section
must be indicated in an amended statement of organization filed not later than
the 10th day after the change in information.

(7) This section
does not apply to a political committee that is a principal campaign committee
or to a political committee exclusively supporting or opposing one or more
candidates for federal or political party office.

(8)(a) A major
political party or minor political party may establish no more than one
political party multicandidate committee.

(b) A recall
political committee may be formed only after a recall election is certified to
the ballot.

(9) As used in
this section:

(a) “Legislative
caucus committee” has the meaning given that term in ORS 260.006.

(b) “Major
political party” means a political party that has qualified as a major
political party under ORS 248.006.

(c) “Measure
political committee” means a political committee that supports or opposes one
or more measures.

(d) “Membership
organization political committee” has the meaning given that term in ORS
260.006.

(e) “Minor
political party” means a political party that has qualified as a minor
political party under ORS 248.008.

(f) “Multicandidate
political committee” means a political committee that supports or opposes:

(A) One or more
candidates; or

(B) All
candidates affiliated with a major political party or a minor political party.

(g) “Political
party multicandidate committee” means a political committee that:

(A) Operates on a
statewide basis;

(B) Qualifies as
a multicandidate political committee; and

(C)(i) Represents
a major political party or a minor political party; or

(ii) Is
established under the bylaws of a major political party or a minor political
party.

(h) “Recall
political committee” means a political committee that supports or opposes a
person subject to a recall election.

(i) “Small donor
political committee” means a political committee that:

(A) Registers as
a small donor political committee under this section;

(B) Prior to
registering as a small donor political committee has not accepted a
contribution in excess of the contribution limits for small donor political
committees set forth in ORS 260.014; and

(C) While
operating as a small donor political committee, complies with the restrictions
on receiving contributions set forth in ORS 260.014.



Note: Sections 7 and 8, chapter 9,
Oregon Laws 2024, provide:

Sec. 7. Notwithstanding ORS 260.042
(9)(i), a political committee, as defined in ORS 260.005, that is not organized
as a small donor political committee, as defined in ORS 260.042, may reorganize
as a small donor political committee if, during the previous 24-month period,
not less than 90 percent of the total amount of moneys contributed to the
political committee were contributed by individuals in amounts not exceeding
$250 per individual donor per calendar year. Any moneys in the bank accounts of
a political committee that reorganizes as a small donor political committee
under this section shall transfer to the newly organized small donor political
committee and may be used in the same manner as any other moneys contributed to
the small donor political committee. [2024 c.9 §7]

Sec. 8. Section 7 of this 2024 Act is
repealed on March 31, 2027. [2024 c.9 §8]