Sec. 33.13.15.08. Establishment of the Compliance Account

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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.

                    
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