WILLIAM DONALD SCHAEFER, Governor                         Ch. 364

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 of this article.

(B) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, THE
CANDIDATE AND TREASURER, OR, IN THE CASE OF A POLITICAL COMMITTEE, THE
CHAIRMAN AND TREASURER, OF AN ENTITY SUBJECT TO THE REPORTING
REQUIREMENTS OF THIS SECTION . AND WHICH IS NOT DESIGNATED AS A
CONTINUING COMMITTEE, AS THAT TERM IS DEFINED BY THE STATE
ADMINISTRATIVE BOARD OF ELECTION LAWS, ALSO SHALL FILE AN ANNUAL
REPORT OF CONTRIBUTIONS AND EXPENDITURES AT THE PLACE DESIGNATED
UNDER THIS SECTION ON NOVEMBER 8 OF EACH YEAR.

(2) THE ANNUAL REPORT REQUIRED UNDER PARAGRAPH (1) OF THIS
SUBSECTION NEED NOT BE FILED IN ANY YEAR IN WHICH THE ENTITY IS REQUIRED
TO FILE REPORTS IN ACCORDANCE WITH THE SCHEDULE PRESCRIBED UNDER
SUBSECTION (A) OF THIS SECTION.

[(b)](C) 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)] (D) (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
and, in a year in which a general election is not held, on the anniversary of the date of the
last general election.

(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 political committee which continues in existence from year to year may file
an affidavit stating that since the date covered by the last report the committee has not
been involved in raising or spending, and does not intend to raise or spend, money for
that election.

(ii) A political committee which continues in existence from year to
year that files an affidavit under this paragraph shall also file an annual report on the
anniversary date of the last general election giving a statement of all contributions
received and expenditures made since the end of the period for which the last preceding
report is filed, as prescribed in § 26-12 of this article, with the State Administrative Board
of Election Laws.

(iii) If, subsequent to the filing of the affidavit provided in this
paragraph, a political committee which continues in existence from year to year receives
contributions or makes expenditures in connection with the election for which it filed the
affidavit, the committee shall notify the State Administrative Board of Election Laws in

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