Code of Maryland Regulations
Title 33 - STATE BOARD OF ELECTIONS
Subtitle 13 - CAMPAIGN FINANCING
Chapter 33.13.06 - Campaign Accounts
Section 33.13.06.03 - Required Elements
Current through Register Vol. 51, No. 6, March 22, 2024
A. Campaign Account Required. Promptly after filing a Statement of Organization with the State Board, a political committee shall:
B. Other Permissible Accounts or Investments. A political committee may, in addition to the checking account required in §A of this regulation, establish additional accounts or temporarily invest campaign funds as provided in this section. Permissible accounts or investments are limited to:
C. Use of Other Permissible Accounts or Investments. Any funds transferred from the registered campaign account into an FDIC-insured deposit account or temporary investment vehicle shall be returned to the registered campaign account before such funds may be used to make expenditures.
D. Presence in State. The financial institution shall have a business office or business agent located in the State.
E. Required Use of Campaign Account. Except otherwise expressly authorized by statute, all transactions by the political committee shall be conducted through the registered campaign account.