§ Iowa Code § 68A.402BCommittee dissolution — inactivity — reports

68A.402B Committee dissolution — inactivity — reports.
1. If a committee, after having filed a statement of organization or one or more
disclosure reports, dissolves or determines that it will no longer receive contributions or
make disbursements, the committee shall notify the board within thirty days following such
dissolution or determination by filing a dissolution report on forms prescribed by the board.
2. A committee shall not dissolve until all loans, debts, and obligations are paid, forgiven,
or transferred and the remaining moneys in the committee’s account are distributed
according to sections 68A.302 and 68A.303. If a loan is transferred or forgiven, the amount
of the transferred or forgiven loan must be reported as an in-kind contribution and deducted
from the loans payable balance on the disclosure form. If, upon review of a committee’s
statement of dissolution and final report, the board determines that the requirements for
dissolution have been satisfied, the dissolution shall be certified and the committee relieved
of further filing requirements.
3. A person who makes one or more independent expenditures and files all statements
required by section 68A.404 shall not be required to file a statement of dissolution under this
section.