INITIATIVE NO. 276 ‑- ELECTIONS ‑- REGULATION OF CAMPAIGN CONTRIBUTIONS AND EXPENDITURES Elections to which Initiative No. 276 is applicable; meaning of terms; restrictions upon anonymous contributions; reporting requirements for candidates and political committees; reporting requirements for commercial advertisers; procedures for obtaining relief from reporting requirements; use of public facilities in electoral campaigns.

ELECTIONS ‑- PUBLIC DISCLOSURE LAW ‑- REGULATION OF CAMPAIGN CONTRIBUTIONS AND EXPENDITURES

(1) Where a committee which supported a successful candidate for an elective office during 1976 incurred a campaign deficit which remains unpaid at the time of the commencement of the same candidate's next succeeding, 1978, campaign (either for reelection or election to another office), the question of whether a separate bank account must be maintained for or on behalf of the candidate in connection with each such campaign in order to satisfy the applicable requirements of the public disclosure law, chapter 42.17 RCW, will (as in any case) be dependent upon whether the committee was established as an ordinary or as a continuing political committee.

(2) If it is necessary to maintain a separate depository for the 1978 campaign, contributions made to the 1978 campaign may nevertheless be used to repay a loan made by the candidate to his or her 1976 political committee free of the $2,000 per year ceiling contained in RCW 42.17.095(3).