A. A candidate for city council or mayor shall have no more than one controlled committee and such controlled committee shall have only one bank account out of which all qualified campaign and officeholder expenses related to that office shall be made.

B. This section does not prevent a candidate for city council or mayor or a city council member or mayor from establishing another controlled committee solely for the purpose of running for a state, federal, county or other elective office, or for opposing his or her recall.