§ 2-305. Single account.

(a)

A candidate for Mayor or City Council or officeholder or specific-purpose political action committee registered with the City and formed for the purpose of supporting or opposing a candidate for Mayor or City Council must deposit each and every political contribution into one (1) and only one (1) specified bank account. This single account must be used for all political contributions and expenditures pertaining to municipal office.

(b)

Persons with established campaign accounts before the date this code goes into effect can transfer funds into the new single campaign account.

(c)

At the time a candidate files the appointment of campaign treasurer pursuant to Texas Election Code § 252.001, the candidate shall declare the municipal office sought. If a candidate subsequently decides to seek a different office,

the candidate shall file an amended appointment of campaign treasurer declaring the new office sought.

(d)

If a candidate who has filed a campaign treasurer appointment decides to seek a different office that would require the appointment to be filed with another authority, a copy of the appointment certified by the authority with whom it was originally filed must be filed with the other authority in addition to the new campaign treasurer appointment, in accordance with the requirements of Texas Election Code § 252.010.

(e)

If, after declaring a candidacy for any elected office, the candidate subsequently declares his or her candidacy for any elected municipal office, he or she may maintain the same campaign finance account. However, if the candidate seeks a municipal office which is subject to lower campaign contribution limits than the previously sought office, the candidate shall return all contributions in excess of the limits for the municipal office sought.

(1)

The transferor candidate's available funds shall be viewed as those contributions most recently received that add up to the amount of cash on hand.

(2)

Contributions transferred must be aggregated with any contributions made by the same donor to the candidate/officeholder receiving the transfer. Amounts that would cause a contributor to exceed his or her pre-election cycle contribution limit must be excluded from the transfer.

(Ord. No. 2013-05-09-0317, § 1(Att. A), 5-9-13; Ord. No. 2018-06-21-0491 , § 1(Att. B), 6-21-18)