§ 13-221
363 words·~2 min read·
/md/election-law/13-221A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§13–221.
(1)The treasurer of a campaign finance entity shall keep a detailed and accurate account book of all assets received, expenditures made, and obligations incurred by or on behalf of the entity.
(2)Except as provided in § 13–240 of this subtitle, as to each asset received or expenditure made, the account book shall state:
(i)its amount or value;
(ii)the date of the receipt or expenditure;
(iii)the name and address of the person from whom the asset was received or to whom the expenditure was made; and
(iv)a description of the asset received or the purpose for which the expenditure was made.
(i)To the extent practicable, the treasurer of a campaign finance entity shall record the occupation and employer of an individual who makes contributions to the campaign finance entity in a cumulative amount of $500 or more during an election cycle.
(ii)The State Board shall:
1. promptly provide notice to the treasurer of a campaign finance entity if a contributor included on a campaign finance report submitted by the treasurer has made contributions to the campaign finance entity in a cumulative amount of $500 or more during the election cycle; and
2. require a standard response that a treasurer shall include in the campaign finance report if a contributor does not supply the information required concerning the contributor’s occupation and employer.
(4)Each expenditure made from a campaign account shall be supported by a receipt.
(b)The account books and related records of a campaign finance entity shall be preserved until the earlier of:
(1)10 years after the creation of an account book entry or related record; or
(2)2 years after the campaign finance entity files a final campaign finance report under Subtitle 3 of this title.
(c)A candidate for election to the central committee of a political party who is exempt under § 13–202(a) of this subtitle shall:
(1)keep a detailed and accurate account book of all expenditures made by the candidate; and
(2)preserve the account book required under item
(1)of this subsection for auditing purposes until 2 years after the end of the election cycle.