1. (a)

   1. (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. (2) Except as provided in § 13-240 of this subtitle, as to each asset received or expenditure made, the account book shall state:

      1. (i) its amount or value;
      2. (ii) the date of the receipt or expenditure;
      3. (iii) the name and address of the person from whom the asset was received or to whom the expenditure was made; and
      4. (iv) a description of the asset received or the purpose for which the expenditure was made.

   3. (3)

      1. (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.

      2. (ii) The State Board shall:

         1. 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. 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. (4) Each expenditure made from a campaign account shall be supported by a receipt.

2. (b) The account books and related records of a campaign finance entity shall be preserved until the earlier of:

   1. (1) 10 years after the creation of an account book entry or related record; or
   2. (2) 2 years after the campaign finance entity files a final campaign finance report under Subtitle 3 of this title.

3. (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. (1) keep a detailed and accurate account book of all expenditures made by the candidate; and
   2. (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.

Added by Acts 2002, c. 291, § 4, eff. Jan. 1, 2003. Amended by Acts 2012, c. 320, § 1, eff. June 1, 2012; Acts 2012, c. 321, § 1, eff. June 1, 2012; Acts 2012, c. 322, § 1, eff. June 1, 2012; Acts 2012, c. 323, § 1, eff. June 1, 2012; Acts 2015, c. 380, § 1, eff. Oct. 1, 2015.

Formerly Art. 33, § 13-206.