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Ch. 291
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2002 LAWS OF MARYLAND
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(1) THE TREASURER OF A CAMPAIGN FINANCE ENTITY SHALL KEEP A
DETAILED AND ACCURATE ACCOUNT BOOK OF ALL ASSETS RECEIVED,
EXPENDITURES MADE, AND OBLIGATIONS INCURRED BY OR ON BEHALF OF THE
ENTITY.
(2) EXCEPT AS PROVIDED IN § 13-240 OF THIS SUBTITLE, AS TO EACH
ASSET RECEIVED OR EXPENDITURE MADE, THE ACCOUNT BOOK SHALL STATE:
(I) ITS AMOUNT OR VALUE;
(II) THE DATE OF THE RECEIPT OR EXPENDITURE;
(III) THE NAME AND ADDRESS OF THE PERSON FROM WHOM THE
ASSET WAS RECEIVED OR TO WHOM THE EXPENDITURE WAS MADE; AND
(IV) A DESCRIPTION OF THE ASSET RECEIVED OR THE PURPOSE
FOR WHICH THE EXPENDITURE WAS MADE.
(3) EACH EXPENDITURE MADE FROM A CAMPAIGN ACCOUNT SHALL BE
SUPPORTED BY A RECEIPT.
(B) RETENTION.
THE ACCOUNT BOOKS AND RELATED RECORDS OF A CAMPAIGN FINANCE
ENTITY SHALL BE PRESERVED UNTIL 2 YEARS AFTER THE CAMPAIGN FINANCE
ENTITY FILES A FINAL CAMPAIGN FINANCE REPORT UNDER SUBTITLE 3 OF THIS
TITLE.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 33, § 13-206(a)(1) and (2).
In subsections (a)(1) and (b) of this section, the references to the defined
term "campaign finance entity" are added for clarity and to state explicitly
that which formerly was implicit in the references to a "treasurer",
"subtreasurer", or "campaign entity".
In subsection (a)(1) and (3) of this section, the former references to a
"subtreasurer" are deleted in light of § 13-219 of this subtitle.
In subsection (a)(1) of this section, the reference to "asset[s]" is substituted
for the former references to "contributions, money, or valuable things",
"money or valuable things", "sum or valuable thing", and "sum, or other
valuable thing" for brevity and consistency with § 13-218 of this subtitle.
Also in subsection (a)(1) of this section, the former reference to a "full" and
"proper" account book is deleted in light of the reference to a "detailed and
accurate" account book.
Also in subsection (a)(1) of this section, the former reference to
contributions, money, or valuable things "promised to" a political
committee is deleted in light of the use of the word "assets".
Also in subsection (a)(1) of this section, the former reference to account
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