1. A. Campaign Account Required. Promptly after filing a Statement of Organization with the State Board, a political committee shall:

   1. (1) Establish at a financial institution a checking account that will serve as the campaign account;
   2. (2) Register with the financial institution the campaign account in a manner that identifies it as the account of a political committee; and
   3. (3) Designate the responsible officers' access to the campaign account.

2. B. Other Permissible Accounts or Investments. A political committee may, in addition to the checking account required in §A of this regulation, establish additional accounts or temporarily invest campaign funds as provided in this section. Permissible accounts or investments are limited to:

   1. (1) Deposit accounts at a financial institution that are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA);
   2. (2) Certificates of deposit with a stated rate of interest and a term of 3 years or less;
   3. (3) Obligations of the U.S. Government or its agencies with maturities of 3 years or less; and
   4. (4) Cash management accounts, money market accounts, or money market mutual funds that are offered and available to the general public.
3. C. Use of Other Permissible Accounts or Investments. Any funds transferred from the registered campaign account into an FDIC-insured deposit account or temporary investment vehicle shall be returned to the registered campaign account before such funds may be used to make expenditures.
4. D. Presence in State. The financial institution shall have a business office or business agent located in the State.
5. E. Required Use of Campaign Account. Except otherwise expressly authorized by statute, all transactions by the political committee shall be conducted through the registered campaign account.
6. F. Use of Payment Processors. If a contribution to a campaign finance entity is made through a Third-Party Payment Processor, the campaign finance entity shall initiate the transfer of the contribution from the account of the Third-Party Payment Processor to the designated campaign account of the campaign finance entity within 7 days after the contribution is deposited in the account of the Third-Party Payment Processor.

Authority: Election Law Article, §2-102(b)(4) and Title 13, Subtitle 2, Part IV, Annotated Code of Maryland

Effective date:

Regulations .01—.05 adopted effective October 18, 2010 (37:21 Md. R. 1439)

Regulation .01 amended effective February 29, 2016 (43:4 Md. R. 336); October 27, 2025 (52:21 Md. R. 1026)

Regulation .03 amended effective March 19, 2012 (39:5 Md. R. 385)

Regulation .03B amended effective January 9, 2012 (38:27 Md. R. 1765); July 23, 2012 (39:14 Md. R. 839)

Regulation .03F adopted effective October 27, 2025 (52:21 Md. R. 1026)

Regulation .04A amended effective January 9, 2012 (38:27 Md. R. 1765)

Regulation .04C, D amended effective October 13, 2025 (52:20 Md. R. 1003)

Regulation .05B amended effective March 19, 2012 (39:5 Md. R. 385)

Regulation .05C amended effective January 9, 2012 (38:27 Md. R. 1765)

Regulation .05D adopted effective October 27, 2025 (52:21 Md. R. 1026)

Regulation .06 adopted effective February 29, 2016 (43:4 Md. R. 336)