Sec. 35. 21-A MRSA §1060, sub-§4, as enacted by PL 1985, c. 161, §6, is amended to read:

4. Itemized expenditures. An itemization of expenditures The treasurer shall itemize all in-cash or in-kind expenditures made by the committee and the date of each expenditure made to support or oppose any candidate, campaign, political committee, political action committee, political party, referendum or initiated petition. The commission may specify the categories of expenditures which that are to be reported and any additional information required to enable the commission to closely monitor the activities of political action committees;

Sec. 36. 21-A MRSA §1060, sub-§6, as amended by PL 1991, c. 839, §30, is further amended to read:

6. Identification of contributions. Names and mailing addresses of contributors who have given more than $50 to the political action committee after the committee has registered under section 1053, the occupation, employer and business address, if any, of each donor, the amount contributed by each donor and the date of the contribution. The information already reported as required by section 1053, subsection 7 should not be duplicated; and

Sec. 37. 21-A MRSA §1061, as amended by PL 1993, c. 695, §36, is repealed.

Sec. 38. 21-A MRSA §1061-A is enacted to read:

§1061-A.__Dissolution of committees

1.__Termination report.__A political action committee must file a termination report with the commission whenever that committee determines that:

A.__Contributions will no longer be accepted; obligations will no longer be incurred; and no further expenditures will be made to any candidate, political committee or political party;

B. The committee will not initiate, support, oppose or influence in any way the outcome of a referendum, initiated petition, election or primary;

C.__The committee has no outstanding obligations; and