Requires candidate and joint candidates close campaign depository accounts not later than seven years following end of service in elected public office or unsuccessful election.

S 1478 requires all New Jersey political candidates - whether elected or unsuccessful - to close their campaign bank accounts within seven years after leaving office or losing an election. The bill amends existing campaign finance law (P.L.1973, c.83) to mandate this closure, directly affecting candidates who previously could maintain accounts indefinitely. Key provisions include setting a firm deadline for account termination and aligning with existing requirements for campaign committee reporting. This is a procedural change focused on financial accountability, not altering contribution limits or election rules. The bill does not apply to candidates still actively running or holding office.