Subd. 1. List of accounts; penalty.

The treasurer of a political committee or political fund shall keep an account of:

1. (a) The sum of all contributions except any donation in kind valued at $20 or less, made to the political committee or political fund;
2. (b) The name and address of each source of a transfer made to the political committee or political fund in excess of $20, together with the date and amount of each;
3. (c) The name and address of each source of a donation in kind valued in excess of $20, together with the date and amount;
4. (d) Each expenditure made by the committee or fund, together with the date and amount;
5. (e) Each approved expenditure made on behalf of the committee or fund, together with the date and amount; and

6. (f) The name and address of each political committee or political fund to which transfers in excess of $20 have been made, together with the date and amount.

   Any individual who knowingly violates any provision of this subdivision is guilty of a misdemeanor.

Subd. 2. Receipts.

The treasurer shall obtain a receipted bill, stating the particulars, for every expenditure in excess of $100 made by, or approved expenditure in excess of $100 made on behalf of, a political committee or political fund, and for any expenditure or approved expenditure in a lesser amount if the aggregate amount of lesser expenditures and approved expenditures made to the same individual or association during any year exceeds $100. The treasurer shall preserve all receipted bills and accounts required to be kept by this section for four years.