<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".09" citation="COMAR 33.13.15.09" title_num="33" subtitle_num="13" chapter_num="15" heading="Management of the Compliance Account.">
  <paragraph num="A.">
    <text>Account Books. The political action committee shall:</text>
    <paragraph num="(1)">
      <text>Maintain account books and records for the compliance account in accordance with the requirements of Election Law Article, §13-221, Annotated Code of Maryland;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Segregate the account books and records for the compliance account from the account books and records required for campaign accounts;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Allow the responsible officers access to the account books and records of the compliance account; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Report all donations received, disbursements made, and outstanding obligations incurred by the compliance account on the political committee’s regularly scheduled campaign finance report in accordance with Election Law Article, §13-309, Annotated Code of Maryland.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Other Permissible Accounts or Investments.</text>
    <paragraph num="(1)">
      <text>In addition to the checking account required under Regulation .08 of this chapter, a political action committee may establish additional bank accounts or temporarily invest compliance funds.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Compliance funds may be invested only in:</text>
      <paragraph num="(a)">
        <text>Deposit accounts at a financial institution that are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA);</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Certificates of deposit with a stated rate of interest and a term of 3 years or less;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Obligations of the U.S. Government or its agencies with maturities of 3 years or less; and</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Cash management accounts, money market accounts, or money market mutual funds that are offered and available to the general public.</text>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>