(a) (1) The treasurer of a campaign finance entity shall keep a detailed and accurate account book of all assets received, expenditures made, and obligations incurred by or on behalf of the entity. (2) Except as provided in § 13-240 of this subtitle, as to each asset received or expenditure made, the account book shall state: (i) its amount or value; (ii) the date of the receipt or expenditure; (iii) the name and address of the person from whom the asset was received or to whom the expenditure was made; and (iv) a description of the asset received or the purpose for which the expenditure was made. (3) (i) To the extent practicable, the treasurer of a campaign finance entity shall record the occupation and employer of an individual who makes contributions to the campaign finance entity in a cumulative amount of $500 or more during an election cycle. (ii) The State Board shall: 1. promptly provide notice to the treasurer of a campaign finance entity if a contributor included on a campaign finance report submitted by the treasurer has made contributions to the campaign finance entity in a cumulative amount of $500 or more during the election cycle; and 2. require a standard response that a treasurer shall include in the campaign finance report if a contributor does not supply the information required concerning the contributor's occupation and employer. (4) Each expenditure made from a campaign account shall be supported by a receipt. (b) The account books and related records of a campaign finance entity shall be preserved until the earlier of: (1) 10 years after the creation of an account book entry or related record; or (2) 2 years after the campaign finance entity files a final campaign finance report under Subtitle 3 of this title. (c) A candidate for election to the central committee of a political party who is exempt under § 13-202(a) of this subtitle shall: (1) keep a detailed and accurate account book of all expenditures made by the candidate; and (2) preserve the account book required under item (1) of this subsection for auditing purposes until 2 years after the end of the election cycle.
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