Md. Code Regs. 33.13.15.08

Current through Register Vol. 51, No. 24, December 2, 2024

Section 33.13.15.08 - Establishment of the Compliance Account

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.

Md. Code Regs. 33.13.15.08

Regulation .08 adopted effective 45:3 Md. R. 159, eff. 2/12/2018