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99ELC-04

TO    Michael Morley
         Mahoning Democrats for Change

You have requested an advisory opinion on the following question:

Is it permissible for a Political Action Committee (PAC) with an outstanding debt (for which debt no collection effort has been made for over four (4) years) as the only remaining item on its campaign finance report, to terminate pursuant to Ohio Revised Code 3517.10(A)?

SYLLABUS: It is permissible for a Political Action Committee (PAC) with an outstanding debt as the only remaining item on its campaign finance report, to terminate pursuant to Ohio Revised Code 3517.10(A), as long as the vendor that is owed under the outstanding debt has not commenced an action for breach of contract within four years after the cause of action has accrued.