(1) The treasurer of a political committee shall file a statement of organization with the filing officer. The statement must include: (a) The name, address and nature of the committee. The address must be the address of a residence, office, headquarters or similar location where the political committee or a responsible officer of the political committee may be conveniently located. (b) The name, address and occupation of the committee director or directors. (c) The name and address of the committee treasurer. (d) The name and address of any other political committee of which two or more committee directors are also directors of the committee filing the statement. (e) The name, office sought, and party affiliation of each candidate whom the committee is supporting or specifically opposing or intends to support or specifically oppose, when known, or, if the committee is supporting or specifically opposing all the candidates of a given party, the name of that party. (f) A designation of any measure that the committee is opposing or supporting, or intends to support or oppose. (g) A statement of whether the committee is a controlled committee. (2) In addition to the information listed in subsection (1) of this section, the statement of organization must include, or be amended within five business days to include, the name of the financial institution in which the campaign account required under ORS 260.054 is established, the name of the account, the name of the account holder and the names of all individuals who have signature authority for the account. The Secretary of State may not disclose information received by the secretary under this subsection except as necessary for purposes of enforcing the provisions of ORS chapters 246 to 260. (3) A treasurer may designate an individual to receive any notice provided by a filing officer under ORS chapters 246 to 260. The treasurer shall include the name and address of the individual in a statement of organization filed under this section. A filing officer who provides any notice under ORS chapters 246 to 260 to the treasurer of the political committee shall also provide the notice to the individual designated by the treasurer under this subsection. (4) A treasurer may designate an elector of this state to be liable for any civil penalty imposed under ORS 260.232. The treasurer shall include the name and address of any elector designated under this subsection in a statement of organization filed under this section. (5) The statement of organization must be filed not later than the date specified in ORS 260.035. (6) Except as provided in subsection (2) of this section, any change in information submitted in a statement of organization under subsections (1) and (2) of this section must be indicated in an amended statement of organization filed not later than the 10th day after the change in information. (7) This section does not apply to a political committee that is a principal campaign committee or to a political committee exclusively supporting or opposing one or more candidates for federal or political party office. Note: The amendments to 260.042 by section 6, chapter 9, Oregon Laws 2024, become operative January 1, 2027. See section 23, chapter 9, Oregon Laws 2024. The text that is operative on and after January 1, 2027, is set forth for the users convenience. 260.042. (1) The treasurer of a political committee shall file a statement of organization with the filing officer. The statement must include: (a) The name and address of the committee. The address must be the address of a residence, office, headquarters or similar location where the political committee or a responsible officer of the political committee may be conveniently located. (b) The name, address and occupation of the committee director or directors. (c) The name and address of the committee treasurer. (d) The name and address of any other political committee of which two or more committee directors are also directors of the committee filing the statement. (e) Whether the political committee will operate as a measure political committee, a multicandidate political committee, a political party multicandidate committee, a legislative caucus committee, a membership organization political committee, a recall political committee or a small donor political committee. (f) The name, office sought, and party affiliation of each candidate whom the committee is supporting or specifically opposing or intends to support or specifically oppose, when known, or, if the committee is supporting or specifically opposing all the candidates of a given party, the name of that party. (g) A designation of any measure that the committee is opposing or supporting, or intends to support or oppose. (h) A statement of whether the committee is a controlled committee. (2) In addition to the information listed in subsection (1) of this section, the statement of organization must include, or be amended within five business days to include, the name of the financial institution in which the campaign account required under ORS 260.054 is established, the name of the account, the name of the account holder and the names of all individuals who have signature authority for the account. The Secretary of State may not disclose information received by the secretary under this subsection except as necessary for purposes of enforcing the provisions of ORS chapters 246 to 260. (3) A treasurer may designate an individual to receive any notice provided by a filing officer under ORS chapters 246 to 260. The treasurer shall include the name and address of the individual in a statement of organization filed under this section. A filing officer who provides any notice under ORS chapters 246 to 260 to the treasurer of the political committee shall also provide the notice to the individual designated by the treasurer under this subsection. (4) A treasurer may designate an elector of this state to be liable for any civil penalty imposed under ORS 260.232. The treasurer shall include the name and address of any elector designated under this subsection in a statement of organization filed under this section. (5) The statement of organization must be filed not later than the date specified in ORS 260.035. (6) Except as provided in subsection (2) of this section, any change in information submitted in a statement of organization under subsections (1) and (2) of this section must be indicated in an amended statement of organization filed not later than the 10th day after the change in information. (7) This section does not apply to a political committee that is a principal campaign committee or to a political committee exclusively supporting or opposing one or more candidates for federal or political party office. (8)(a) A major political party or minor political party may establish no more than one political party multicandidate committee. (b) A recall political committee may be formed only after a recall election is certified to the ballot. (9) As used in this section: (a) Legislative caucus committee has the meaning given that term in ORS 260.006. (b) Major political party means a political party that has qualified as a major political party under ORS 248.006. (c) Measure political committee means a political committee that supports or opposes one or more measures. (d) Membership organization political committee has the meaning given that term in ORS 260.006. (e) Minor political party means a political party that has qualified as a minor political party under ORS 248.008. (f) Multicandidate political committee means a political committee that supports or opposes: (A) One or more candidates; or (B) All candidates affiliated with a major political party or a minor political party. (g) Political party multicandidate committee means a political committee that: (A) Operates on a statewide basis; (B) Qualifies as a multicandidate political committee; and (C)(i) Represents a major political party or a minor political party; or (ii) Is established under the bylaws of a major political party or a minor political party. (h) Recall political committee means a political committee that supports or opposes a person subject to a recall election. (i) Small donor political committee means a political committee that: (A) Registers as a small donor political committee under this section; (B) Prior to registering as a small donor political committee has not accepted a contribution in excess of the contribution limits for small donor political committees set forth in ORS 260.014; and (C) While operating as a small donor political committee, complies with the restrictions on receiving contributions set forth in ORS 260.014. Note: Sections 7 and 8, chapter 9, Oregon Laws 2024, provide: Sec. 7. Notwithstanding ORS 260.042 (9)(i), a political committee, as defined in ORS 260.005, that is not organized as a small donor political committee, as defined in ORS 260.042, may reorganize as a small donor political committee if, during the previous 24-month period, not less than 90 percent of the total amount of moneys contributed to the political committee were contributed by individuals in amounts not exceeding $250 per individual donor per calendar year. Any moneys in the bank accounts of a political committee that reorganizes as a small donor political committee under this section shall transfer to the newly organized small donor political committee and may be used in the same manner as any other moneys contributed to the small donor political committee. Sec. 8. Section 7 of this 2024 Act is repealed on March 31, 2027.
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