(a)(1) An inaugural committee shall terminate no later than 6 months after the beginning of the term of the new Mayor.
(2) An inaugural committee may accept contributions necessary to retire the debts of the committee for 6 months after the beginning of the term of the new Mayor, after which the Mayor shall be personally liable for any remaining debts; provided, that personal liability shall not attach until the Director of Campaign Finance is no longer auditing the inaugural committee.
(b) The Mayor shall not fundraise to retire the proper debts of his or her inaugural committee, for which he or she is now personally liable, after 6 months after the beginning of his or her term.
