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12-27-29 Records required to be kept by treasurer of political committee and political party--Viola...
     12-27-29.   Records required to be kept by treasurer of political committee and political party--Violation as misdemeanor. The treasurer of a political committee and political party shall maintain and preserve detailed and accurate records of the following:
             (1)      Each contribution and in-kind contribution received by the political committee or political party;
             (2)      In the case of a ballot question committee, the information required by § 12-27-19 for any organization contribution;
             (3)      Each loan received or made by the political committee or political party;
             (4)      Each refund, rebate, interest, or other income received by the political committee or political party;
             (5)      All receipts, invoices, bills, canceled checks, or other proofs of payment, with an explanation of each, for each expenditure;
             (6)      The name and address of any financial institution where an account or depository for the political committee or political party is maintained including the account number.
     The treasurer shall maintain and preserve the records for a period of seven years or three years past the date of filing the termination statement for the election for which the contribution or expenditure was made, whichever is earlier. A violation of this section is a Class 1 misdemeanor.

Source: SL 2007, ch 80, § 29.


Chapter 12-27

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