Plain Text Law

Regulation .08 Establishment of the Compliance Account.

Regulation .08 Establishment of the Compliance Account.Copy Citation

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.