Amend the bill in section 1 in §1051 in subsection 3 in paragraph E in the last line (page 2, line 14 in L.D.) by inserting after the following: " funds" the following: ' and satisfies all debts and loans'

Amend the bill in section 1 in §1051 by striking out all of subsection 9 (page 3, lines 4 to 11 in L.D.) and inserting the following:

Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.

summary

This amendment, which is the majority report of the committee, clarifies that a committee established to finance a Governor-elect's transition to office and inauguration must file financial disclosure statements with the Commission on Governmental Ethics and Election Practices until it not only disposes of all surplus funds but also satisfies all outstanding debts and loans.

The amendment also clarifies that, when the Commission on Governmental Ethics and Election Practices decides whether to assess a penalty for violations of the law governing transition committees, it must consider the factors established in the bill both when the violation was committed by the transition committee and the penalty will be assessed against the committee and when the violation was committed by another person and the penalty will be assessed against that person.