Maryland Statutes § 13-220.2 Political action committee compliance accounts
Statute Text
(a)
Each political action committee may establish one compliance account.
(b)
Disbursements from a political action committee compliance account may be made only for purposes of record keeping, reporting, and any other work necessary to comply with the requirements of this title, including accounting and legal services.
(c)
A disbursement from a political action committee compliance account may not be made for the purpose of soliciting contributions for the political action committee.
(d)
A donation to a political action committee compliance account:
(1)
may be made only if the donor is aware that the donation will be used for the purposes described in subsection (b) of this section and consents to that use before making the donation; and
(2)
is not subject to §
13-226
of this subtitle.
(e)
A campaign finance entity may not make a transfer to a political action committee compliance account.
(f)
The State Board shall adopt regulations that:
(1)
define permissible donations to and disbursements from a political action committee compliance account; and
(2)
require disclosure of:
(i)
donations to a political action committee compliance account; and
(ii)
disbursements from a political action committee compliance account.
History
Added by 2017 Md. Laws, Ch. 851 , Sec. 1 , eff. 10/1/2017 .
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