(a) The security provided by the local organizing committee pursuant to this act is fully expended and exhausted;
(b) Any security provided by any other person or entity is fully expended and exhausted;
(c) The limits of available insurance policies covering the net financial deficit or any expense or liability used in determining the net financial deficit, have been fully expended and exhausted; and
(d) Payment has been sought by the local organizing committee from all third parties owing monies or otherwise liable to the local organizing committee.
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