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 paid from 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 180 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 2010 primary expenditures have been paid, the primary bank account must be retained with maximum balance of $50.00 assuming sufficient funds are available in the local primary accounts. All bank account information must be transferred to the incoming county chair in accordance with §81.108 of this title (relating to Transfer of Records to New County Chair).

Source Note:The provisions of this §81.103 adopted to be effective December 13, 2009, 34 TexReg 8665.