1. (a) The county chair shall establish and maintain a bank account for the sole purpose of depositing and expending primary funds; any interest earned in such an account becomes part of the primary fund.
2. (b) The county chair, or any employee of the primary fund, shall not commingle primary funds with any other fund or account.
3. (c) Each check issued from a primary-funds account must include the following statement on its face: "VOID AFTER 60 DAYS."
4. (d) The county chair shall complete bank reconciliations on a monthly basis. Bank reconciliations are considered part of the primary-fund records and must be submitted to the Secretary of State with the final cost report.
5. (e) After all 2004 primary expenditures have been paid, the primary bank account must be closed and the remaining primary funds returned to the Secretary of State.

Source Note:The provisions of this §81.103 adopted to be effective November 18, 2003, 28 TexReg 10201.