Sec. 33.13.13.03. Establishment

Prior to the receipt or disbursement of administrative funds, a central committee of a recognized political party or a legislative party caucus committee shall establish an administrative account by:

A. Opening at a financial institution that does business in the State a checking account:

(1) Designated as the administrative account; and

(2) Segregated from the campaign accounts of the political committee as required under Election Law Article, §13-220, Annotated Code of Maryland; and

B. Registering the administrative account with the financial institution and the State Board in a manner that identifies it as the administrative account of the political committee.