Ethics Commission weighs in on Oklahoma candidates' banking practices

OKLAHOMA CITY — Candidates for office may not need to close and open a bank account each election cycle, according to two draft opinions from the Oklahoma Ethics Commission.

In both opinions, the Commission recommended that those running for reelection for the same office in a subsequent election cycle not be required to open a new bank account. They would still be required to close and reopen a campaign committee with the commission.

Rep. Judd Strom, R-Copan, requested clarification of the Commission’s existing rule in September.

Strom wrote that the current rule, as he understands it, requires a candidate or officeholder to close their current bank account, open a new one and transfer carry-over funds each election cycle, even when running for reelection of the same office.


https://oklahomavoice.com/briefs/ethics-commission-weighs-in-on-oklahoma-candidates-banking-practices/