Current through Reg. 50, No. 13; March 28, 2025
(a) The party chair of a political party is
required to maintain a record of all contributions from corporations and labor
organizations and all expenditures from such contributions.
(b) The party chair of a political party
shall preserve the record required by subsection (a) of this section for at
least two years after the filing deadline for the report containing the
information on the record.
(c) The
party chair of a political party that accepts contributions authorized by
§
24.19 of this title (relating to
Contribution to a Political Party) shall report all contributions and
expenditures made to and from the account required by §
20.523 of this title (relating to
Separate Account Required), in accordance with the reporting schedule in §
20.529 of this title (relating to
Reporting Schedule for Political Party Accepting Corporate or Labor
Organization Contributions).
(d)
The reports required by subsection (c) of this section shall contain the
following information for the period covered by the report:
(1) the full name of the political
party;
(2) the complete mailing
address of the political party;
(3)
the full name of the political party's chair;
(4) the residence or business street address
of the political party's chair;
(5)
if the mailing address of the political party's chair is different from the
street address provided, the mailing address for the political party's
chair;
(6) the political party
chair's telephone number;
(7) the
identity and date of the election for which the report is filed, if
applicable;
(8) for each
corporation or labor organization from whom the political party accepted a
contribution (other than a pledge, loan, or guarantee of a loan):
(A) the full name of the corporation or labor
organization making the contribution;
(B) the address of the corporation or labor
organization making the contribution;
(C) the amount of the contribution;
and
(D) the date the contribution
was accepted;
(E) a description of
any in-kind contribution;
(9) for each corporation or labor
organization from whom the political party accepted a pledge:
(A) the full name of the corporation or labor
organization making the pledge;
(B)
the address of the corporation or labor organization making the
pledge;
(C) the amount of the
pledge;
(D) the date the pledge was
accepted; and
(E) a description of
any goods or services pledged;
(10) for each corporation or labor
organization making a loan or loans to the political party:
(A) the full name of the person or financial
institution making the loan;
(B)
the address of the person or financial institution making the loan;
(C) the amount of the loan;
(D) the date of the loan;
(G) the collateral for the loan, if
any;
(H) if the loan has
guarantors:
(i) the full name of each
guarantor;
(ii) the address of each
guarantor;
(iii) the principal
occupation of each guarantor;
(iv)
the name of the employer of each guarantor; and
(v) the amount guaranteed by each
guarantor;
(11) for each expenditure made by the
political party from the account required by §
20.523 of this title (relating to
Separate Account Required):
(A) the date of
the expenditure;
(B) the full name
of the person to whom each expenditure was made;
(C) the address of the person to whom each
expenditure was made;
(D) the
purpose of the expenditure, for example, the nature of the goods or services
for which the expenditure was made; and
(E) the amount of the expenditure;
(12) for each expenditure by the
political party that was made as a political contribution to a candidate,
officeholder, or another political committee and that was returned to the
political party during the reporting period:
(B) the full name of the person to whom the
expenditure was originally made;
(C) the address of the person to whom the
expenditure was originally made; and
(D) the date the expenditure was returned to
the general-purpose committee;
(13) the following total amounts:
(A) total amount of all contributions (other
than pledges, loans, or guarantees of loans) accepted during the period from
corporations or labor organizations;
(B) the total amount of all expenditures made
during the period from the account required by §
20.523 of this title (relating to
Separate Account Required);
(14) if applicable, a statement that no
reportable activity occurred during the reporting period; and
(15) an affidavit, executed by the political
party's chair, stating: "I swear, or affirm, that the accompanying report is
true and correct and includes all information required to be reported by me
under Title 15, Election Code."
