§ 14-118 — Treasurer and depository of political committee; filing of name and address

§ 14-118. Treasurer and depository of political committee; filing of\nname and address. 1. Every political committee shall have a treasurer\nand a depository, and shall cause the treasurer to keep detailed, bound\naccounts of all receipts, transfers, loans, liabilities, contributions\nand expenditures, made by the committee or any of its officers, members\nor agents acting under its authority or in its behalf. All such accounts\nshall be retained by a treasurer for a period of five years from the\ndate of the filing of the final statement with respect to the election,\nprimary election or convention to which they pertain. No officer, member\nor agent of any political committee shall receive any receipt, transfer\nor contribution, or make any expenditure or incur any liability until\nthe committee shall have chosen a treasurer and depository and filed\ntheir names in accordance with this subdivision. There shall be filed in\nthe office in which the committee is required to file its statements\nunder section 14-110 of this article, within five days after the choice\nof a treasurer and depository, a statement giving the name and address\nof the treasurer chosen, the name and address of any person authorized\nto sign checks by such treasurer, the name and address of the depository\nchosen and the candidate or candidates or ballot proposal or proposals\nthe success or defeat of which the committee is to aid or take part;\nprovided, however, that such statement shall not be required of a\nconstituted committee and provided further that a political action\ncommittee which makes no expenditures, to aid or take part in the\nelection or defeat of a candidate, other than in the form of\ncontributions, shall not be required to list the candidates being\nsupported or opposed by such committee and shall also disclose the name\nand employer for any individual who exerts operational control over the\npolitical action committee as well as any salaried employee of the\npolitical action committee. Such statement shall be signed by the\ntreasurer and all other persons authorized to sign checks. Any change in\nthe information required in any statement shall be reported, in an\namended statement filed in the same manner and in the same office as an\noriginal statement filed under this section, within two days after it\noccurs, except that any change to the mailing address on any such\nstatement filed at the state board may also be made in any manner deemed\nacceptable by the state board. Only a banking organization authorized to\ndo business in this state may be designated a depository hereunder.\n 2. No candidate, political committee, or agent thereof may receive\nfrom any one person an aggregate amount greater than one hundred dollars\nexcept in the form of a check, draft or other instrument payable to the\ncandidate, political committee or treasurer and signed or endorsed by\nthe donor; except that such a candidate, political committee or agent\nmay receive contributions in amounts greater than one hundred dollars\nwhich are made by credit card, provided that such candidate, political\ncommittee or agent preserves, together with the other accounts which\nsuch candidate, committee or agent is required to preserve pursuant to\nthe provisions of this article, a copy of the document which was\nsubmitted to secure payment of the funds so contributed. All such\nchecks, drafts or other instruments shall be deposited in the account of\nthe candidate or committee in the designated depository. No candidate or\npolitical committee shall expend an amount in excess of one hundred\ndollars except by check drawn on the depository and signed by the\ncandidate or person authorized to sign checks by him or in the case of a\npolitical committee, the treasurer or a person authorized to sign checks\nby him.\n 3. (a) Every candidate who receives or expends any money or other\nvaluable thing or incurs any liability to pay money or its equivalent\nshall keep and retain detailed, bound accounts as provided in\nsubdivision one of this section.\n (b) Every candidate required to file sworn statements pursuant to\nsubdivision one of section 14-104 of this article, other than a\ncandidate who has filed a statement in lieu thereof at or before the\nfirst filing period as set forth in that section, shall file, in the\noffice or offices in which he or she is required to file his or her\nstatements under section 14-110 of this article, on a form prescribed by\nthe state board for such purposes, a statement providing the name and\naddress of the depository at which they maintain the accounts from which\nhe or she conducts his or her own campaign financial activity.\n