Maryland Regulations § 33.13.15.08 Establishment of the Compliance Account
Regulation Text
Prior to the receipt or disbursement of compliance funds, a political action committee shall establish a compliance account by:
A.
Opening a checking account at a financial institution that does business in the State, which checking account shall be:
(1)
Designated as the compliance account; and
(2)
Segregated from the campaign accounts of the political action committee as required under Election Law Article, §
13-220
, Annotated Code of Maryland; and
B.
Registering the compliance account with the State Board in a manner that identifies it as the compliance account of the political action committee.
History
Regulation .08 adopted effective
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