Sec. 9-7. Records and accounts.

212 words·~1 min read·/il/chapter-10/act-5/9-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Except as provided in subsection (2), the treasurer of a political committee shall keep a detailed and exact account of-

(a)the total of all contributions made to or for the committee;

(b)the full name and mailing address of every person making a contribution and the date

and amount thereof;

(c)the total of all expenditures made by or on behalf of the committee;

(d)the full name and mailing address of every person to whom any expenditure is made,

and the date and amount thereof;

(e)proof of payment, stating the particulars, for every expenditure made by or on

behalf of the committee.

The treasurer shall preserve all records and accounts required by this section for a period of 2 years.

(2)The treasurer of a political committee shall keep a detailed and exact account of the total amount of contributions made to or for a committee at an event licensed under Section 8.1 of the Raffles and Poker Runs Act. For an event licensed under Section 8.1, the treasurer is not required to keep a detailed and exact account of the full name and mailing address of a person who purchases tickets at the event in an amount that does not exceed $150.