Sec. 33.13.15.10. Required Reporting and Contents of Compliance Accounts

A. Disclosure. The political action committee shall report all donations received, disbursements made, and any liabilities or outstanding obligations incurred regarding the compliance accounts on the regularly scheduled campaign finance report or disclosure report for that political action committee.

B. Donations Received. For donations deposited into a compliance account, the campaign finance or disclosure report shall include:

(1) The date that the donation was received;

(2) The amount of money or fair market value of the donation;

(3) The name of:

(a) The individual who made the donation;

(b) The business entity or other legal entity that made the donation; or

(c) The non-federal, out-of-State political committee that made the donation;

(4) The address of the donor, provided that:

(a) If the donor is an individual:

(i) The address where the individual resides or receives residential mail; or

(ii) An alternate address approved by the State Board if the State Board has granted the individual’s request for confidentiality under COMAR 33.04.02; or

(b) If the donor is a business entity or other legal entity, the address where that business entity or other legal entity is registered, does business or receives official mail;

(5) The method of the transaction and any other information on the transaction method required by the State Administrator;

(6) The aggregate amount of donations received to date from the donor for the election cycle in which the campaign finance report is filed; and

(7) A designation on the campaign finance or disclosure report that the donation was to the compliance account.

C. Disbursement Made. For disbursements made using compliance funds, the campaign finance or disclosure report shall include:

(1) The date the disbursement was made;

(2) The method of the disbursement transaction, including any information on the transaction method required by the State Administrator;

(3) The name and address of the payee and the ultimate recipient of the compliance account funds, if other than the payee;

(4) The amount of the disbursement;

(5) A description of the purpose of the disbursement; and

(6) A comment on the campaign finance or disclosure report explaining that the disbursement was made from the compliance account and was used for a permissible compliance purpose.

D. Outstanding Obligations. For outstanding obligations of the compliance account, the campaign finance or disclosure report shall include:

(1) The name and address of the person to whom an outstanding obligation is owed;

(2) The date the outstanding obligation was incurred;

(3) The current balance of the outstanding obligation as of the end of the campaign finance reporting period;

(4) For an outstanding obligation other than a loan, a brief description of the item relating to the outstanding obligation;

(5) If the outstanding obligation is a loan, all the information required by Election Law Article, §13-230(c), Annotated Code of Maryland; and

(6) A designation on the campaign finance or disclosure report that the outstanding obligation was for compliance purposes.