(a)

1. (1)

   1. (A) To qualify as an independent expenditure committee, the committee is required to register with the Secretary of State within fifteen (15) days after accepting contributions during a calendar year that exceed five hundred dollars ($500) in the aggregate.
   2. (B) Registration shall be annually renewed by January 15, unless the committee has ceased to exist.
   3. (C) Registration shall be on forms provided by the Secretary of State, and the contents therein shall be verified by an affidavit of an officer of the committee.

2. (2)

   1. (A) The committee shall designate a resident agent who shall be an individual who resides in the State of Arkansas.
   2. (B) No contribution shall be accepted from a committee and no expenditure shall be made by a committee that has not registered and does not have a resident agent.
3. (3) An out-of-state committee shall be required to comply with the registration and reporting provisions of this part if the committee makes an independent expenditure or independent expenditures within the State of Arkansas that in the aggregate exceed more than five hundred dollars ($500) during a calendar year.

(b) The registration form of an independent expenditure committee shall contain the following information:

1. (1)

   1. (A) The name, address, and, where available, phone number of the committee and the name, address, phone number, and place of employment of each of its officers.
   2. (B) If the committee’s name is an acronym, then both it and the words forming the acronym shall be disclosed;
2. (2) The full name and street address, city, state, and zip code of each financial institution the committee uses for purposes of receiving contributions or making expenditures within the State of Arkansas;
3. (3) A written acceptance of designation as a resident agent;
4. (4) A certification by a committee officer, under penalty of false swearing, that the information provided on the registration is true and correct; and
5. (5) A clause submitting the committee to the jurisdiction of the State of Arkansas for all purposes related to compliance with the provisions of Arkansas Code § 7-6-201 et seq.

(c)

1. (1) When a committee makes a change to any of the information required in subsection (b) of this section, an amendment is required to be filed within ten (10) days to reflect the change.
2. (2) A committee failing to file an amendment shall be subject to a late filing fee of ten dollars ($10.00) for each day the change is not filed.