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2002 LAWS OF MARYLAND
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Ch. 483
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(2) The closing of a campaign account by action of the State Board does
not limit the right of:
(i) The State Board or the State Prosecutor to pursue enforcement
action against former officers or the candidate affiliated with the campaign account;
or
(ii) A creditor to bring an action against a former officer or the
candidate affiliated with the campaign account.
(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 Board,
also shall file an annual report of contributions and expenditures at the place
designated under this section on [November 8] THE THIRD WEDNESDAY IN JANUARY
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.
(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.
(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 § 13-402 of this subtitle with the State Board 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] ON THE THIRD WEDNESDAY IN JANUARY OF EACH YEAR THE
COMMITTEE IS IN EXISTENCE.
(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 § 13-402 of this subtitle, with the
State Board.
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- 3842 -
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