§ 2923. Political parties; registration; checking accounts; treasurer
(a)(1) Each political party that has accepted contributions or made expenditures of $1,000.00
or more in any two-year general election cycle shall register with the Secretary of
State within 10 days of reaching the $1,000.00 threshold. In its registration, the
party shall state its full name and address, the name and address of the bank in which
it maintains its campaign checking account, and the name and address of the treasurer
responsible for maintaining the checking account.
(2) A political party may permit any subsidiary, branch, or local unit of the political
party to maintain its own checking account. If a subsidiary, branch, or local unit
of a political party is so permitted, it shall file with the Secretary of State within
five days of establishing the checking account its full name and address, the name
of the political party, the name and address of the bank in which it maintains its
campaign checking account, and the name and address of the treasurer responsible for
maintaining the checking account.
(b) All expenditures by a political party or its subsidiary, branch, or local unit shall
be paid by either a credit card or a debit card, check, or other electronic transfer
from the single campaign checking account in the bank designated by the political
party, subsidiary, branch, or local unit under subsection (a) of this section, or
if under $250.00, the political party, subsidiary, branch, or local unit may make
the expenditure from cash from that campaign checking account if accompanied by a
receipt, a copy of which shall be maintained by the political party, subsidiary, branch,
or local unit for at least two years from the end of the two-year general election
cycle in which the expenditure was made. Nothing in this subsection shall be construed
to prohibit the payment of fees required to be made from a separately held online
account designated solely to collect campaign contributions made to the political
party, subsidiary, branch, or local unit.
(c) A political party or its subsidiary, branch, or local unit whose principal place of
business or whose treasurer is not located in this State shall file a statement with
the Secretary of State designating a person who resides in this State upon whom may
be served any process, notice, or demand required or permitted by law to be served
upon the political party, subsidiary, branch, or local unit. This statement shall
be filed at the same time as the registration required in subsection (a) of this section. (Added 2013, No. 90 (Adj. Sess.), § 3, eff. Jan. 23, 2014.)