Amend 2 Cal. Code Regs. section 18521 to read:

§ 18521. Establishment of Separate Controlled Committee for Each Campaign Account. 

(a)  A candidate who is required to file a statement of organization for a controlled committee pursuant to Government Code section 84101 shall establish a separate controlled committee and campaign bank account for each specific office identified in statements filed by the candidate pursuant to Government Code section 85200 and 2 Cal. Code Regs. section 18520.

(b)  Candidates, Other than Candidates for Elective State Office:  A controlled committee and campaign bank account established for a specific office may be redesignated as a campaign bank account for a future election if:

(1)  The future election is for the same elective office;

(2) The funds in the campaign bank account/committee are not considered “surplus campaign funds” as defined in Government Code section 89519;

(3)  The candidate amends the Statement of Organization for the committee to reflect the redesignation for the future election;

(4)  The candidate files a new statement, signed under penalty of perjury, of intention to be a candidate for the specific future election; and

(5)  Redesignation of committees/bank accounts is not otherwise prohibited by law.   
               
(c)  Redesignation by candidates for elective state office is prohibited at the state level.

NOTE: Authority cited:  Section 83112, Government Code.

Reference:  Sections 84101, 85200, 85201, 85301, 85302 and 85318, Government Code.