New Jersey S1478 mandates the closure of campaign depository accounts for candidates and joint candidates within seven years after the end of their.

New Jersey S1478 establishes a requirement for candidates and joint candidates to close their campaign depository accounts within seven years after they leave elected office or fail to win an election. The bill also mandates that all funds remaining in these accounts, which have not been transferred to permitted purposes, must be transferred to the State General Fund. The Election Law Enforcement Commission is directed to create necessary rules and regulations for implementing these provisions. The act takes effect immediately upon enactment.

New Jersey S1478 mandates the closure of campaign depository accounts for candidates and joint candidates within seven years after the end of their.

New Jersey S1478 establishes a requirement for candidates and joint candidates to close their campaign depository accounts within seven years after they leave elected office or fail to win an election. The bill also mandates that all funds remaining in these accounts, which have not been transferred to permitted purposes, must be transferred to the State General Fund. The Election Law Enforcement Commission is directed to create necessary rules and regulations for implementing these provisions. The act takes effect immediately upon enactment.