Section 1-1163.18 - Fund balance requirements of exploratory committees(a) Any balance in the exploratory committee fund shall be transferred only to an established political committee or nonprofit organization, within the meaning of section 501(c) of the Internal Revenue Code, operating in good standing in the District for a minimum of one calendar year before the date of any transfer.(b) Exploratory committee fund balances shall not be deemed the personal funds of any individual, including the individual seeking public office.Apr. 27, 2012, D.C. Law 19-124, § 318, 59 DCR 1862; Mar. 13, 2019, D.C. Law 22-250, § 6(w), 66 DCR 985.Applicability
Applicability of D.C. Law 22-250: § 10 of D.C. Law 22-250 provided that the change made to this section by § 6(w) of D.C. Law 22-250 is subject to the inclusion of the law's fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.