organization of political committees

organization of political committees Sec. 201. (a) Every political committee shall have a chairman and a treasurer. No contribution and no expenditure shall be accepted or made by or on behalf of a political committee at a time when there is a vacancy in the office of treasurer thereof and no other person has been designated and has agreed to perform the functions of treasurer. No expenditure shall be made for or on behalf of a political committee without the authorization of its chairman or treasurer, or their designated agents. 88 Stat. 450 (b) Every person who receives a contribution of $10 or more for or on behalf of a political committee shall, on demand of the treasurer, and in any event within five days after receipt of such contribution, submit to the treasurer of such committee a detailed account thereof, including the amount, the name and address (including the occupation and the principal place of business, if any) of the person making such contribution, and the date on which such contribution was received. All funds of a political committee shall be segregated from, and may not be commingled with any personal funds of officers, members, or associates of such committee. (c) Except for accounts of expenditures made out of the petty cash fund provided for under section 201(b), the treasurer of a political committee, and each candidate, shall keep a detailed and exact account of— (1) all contributions made to or for such political committee or candidate: (2) the full name and mailing address (including the occupation and the principal place of business, if any) of every person making a contribution of $10 or more, and the date and amount thereof; (3) all expenditures made by or on behalf of such committee or candidate; and (4) the full name and mailing address (including the occupation and the principal place of business, if any) of every person to whom any expenditure is made, the date and amount thereof and the name and address of, and office sought by, each candidate on whose behalf such expenditure was made. (d) The treasurer or candidate shall obtain and preserve such receipted bills and records as may be required by the Board. (e) Each political committee and candidate shall include on the face or front page of all literature and advertisements soliciting funds the following notice: “A copy of our report is filed with the Director of Campaign Finance of the District of Columbia Board of Elections and Ethics.”.