HARRY HUGHES, Governor

2309

which the report or statement in subsection (a)(3) above is
filed, six months after the general election; and

(5)  If a cash balance exists or if any unpaid bills
or deficits remain to be paid as of the end of the period for
which the report or statement in subsection (a)(4) above is
filed, one year after the general election; and

(6)  If a cash balance exists or if any unpaid bills
or deficits remain to be paid as of the end of the period for
which the report or statement in subsection (a)(5) above or any
subsequent report or statement is filed, annually on the
anniversary of the general election until no cash-balance, unpaid
bill, or deficit remains; and

(7)  If a cash balance or outstanding debts or
deficits were reflected on the last preceding report, but have
all been eliminated by the date on which the next report is due,
then a report clearly marked as "final" shall be filed on or
before such date showing all transactions since the last report;

(8)  If a candidate does not intend to receive
contributions or make expenditures of $300 or more, exclusive of
his filing fee, he and his treasurer may jointly execute an
affidavit to that effect on a form prescribed by the State
Administrative Board of Election Laws. If he does not in fact
receive contributions or make expenditures of $300 or more, no
further reports need be filed pursuant to this section. The
affidavit shall be filed not later than the date by which the
first report is due. If at any time the cumulative contributions
to or expenditures by a candidate who has filed such an affidavit
equal or exceed $300, he and his treasurer shall thereafter file
all reports required, by this section and failure to do so
constitutes a failure to file and the commission of a misdemeanor
subject to the penalties prescribed in § 26-20.

(b)  It is the responsibility of the candidate and
treasurer, jointly and severally, if it is the statement of a
candidate, and the chairman and treasurer, jointly and severally,
if it is the statement of a committee, to file all reports or
statements in full and accurate detail.

(c)  (1) The chairman and the treasurer of any central
committee and the chairman and the treasurer of any political
committee which continues in existence from year to year,
excluding the chairmen and treasurers of political clubs, shall
file the report or statement of contributions and expenditures as
prescribed in accordance with § 26-12 of this article with the
State Administrative Board of Election Laws at each of the times
and for the respective periods specified in subsection (a)(1),
(2), and (3) of this section.

(2) (i) In any election year, on or before the dates
specified in subsection (a) of this section, in lieu of the
scheduled reports required to be filed under that subsection, a