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PARRIS N. GLENDENING, Governor
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Ch. 291
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(1) DEPOSIT, DISBURSE, AND ACCOUNT FOR FUNDS IN THE SAME
MANNER AS, AND UNDER THE AUTHORITY OF, THE TREASURER;
(2) SUBMIT A CAMPAIGN FINANCE REPORT UNDER OATH TO THE
TREASURER ON A FORM THAT THE STATE BOARD PRESCRIBES; AND
(3) INCLUDE WITH THE REPORT A COPY OF EACH CAMPAIGN
CONTRIBUTION RECEIPT ISSUED.
(B) REPORT BY CAMPAIGN FINANCE ENTITY.
THE CAMPAIGN FINANCE REPORT FILED BY THE CAMPAIGN FINANCE ENTITY
UNDER SUBTITLE 3 OF THIS TITLE SHALL HAVE ATTACHED TO IT A COPY OF THE
CAMPAIGN FINANCE REPORT OF THE SUBTREASURER AND ACCOUNT FOR THE ITEMS
IN THE SUBTREASURER'S REPORT.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 33, §§ 13-203 and 13-201(d), as they related to
the authority and duties of a subtreasurer, and § 13-206(b)(2).
This section is revised for brevity and clarity in light of 76 Opinions of the
Attorney General 200 (1991) [Opinion No. 91-034 (July 26, 1991)1, which
provides that "... a subtreasurer may deposit funds and disburse money ..."
and that "a subtreasurer's accountability under FEPA is identical to the
treasurer's". Accordingly, the former reference to the authority of a
subtreasurer to "expend such money as may be placed in his hands by the
treasurer appointing him" is deleted as implicit in the authority vested in
a treasurer when appointing a subtreasurer.
As to the substitution of the defined term "campaign finance report" for
the former references to a "report", see General Revisor's Note to this title
and § 1-101 of this article.
Defined terms: "Campaign finance report" § 1-101
"State Board" § 1-101
"Treasurer" § 1-101
13-220. CAMPAIGN ACCOUNTS.
(A) REQUIREMENT.
(1) EACH CAMPAIGN FINANCE ENTITY SHALL DESIGNATE ONE OR MORE
CAMPAIGN ACCOUNTS.
(2) EACH DESIGNATED CAMPAIGN ACCOUNT SHALL:
(I) BE IN A FINANCIAL INSTITUTION; AND
(II) BE REGISTERED IN A MANNER THAT IDENTIFIES IT AS THE
ACCOUNT OF A CAMPAIGN FINANCE ENTITY.
(3) A CAMPAIGN FINANCE ENTITY SHALL DEPOSIT ALL FUNDS
RECEIVED IN A DESIGNATED CAMPAIGN ACCOUNT.
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- 2533 -
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