Any balance in the transition committee fund shall be transferred only to a 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, or to a constituent-service program pursuant to § 1-1163.38.
D.C. Code § 1-1163.25
Fund balance requirements for transition committees
Known as the Campaign Finance Act
The act spans §§ 1–1 (39 sections).
Apr. 27, 2012, D.C
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.