16-902. Organization of political
committees
A. Each political committee shall have a chairman and treasurer. The position of
chairman and treasurer of a single political committee may not be held by the same
individual, except that a candidate may be chairman and treasurer of his own campaign
committee.
B. The name of each political committee shall include the name of any sponsoring
organization, and, in the case of a candidate's campaign committee, the committee's name
shall include the name of the candidate, or, if for an exploratory committee, the
individual, who designated the committee pursuant to section 16-903.
C. Before a political committee accepts a contribution or makes an expenditure it
shall designate one or more state banks, federally chartered depository institutions or
depository institutions the deposits or accounts of which are insured by the federal
deposit insurance corporation or the national credit union administration as its campaign
depository or depositories. The political committee shall notify the filing officer of
the designation of the financial institution either at the time of filing the statement
of organization pursuant to section 16-902.01 or within five business days after opening
an account. All withdrawals or disbursements from these accounts require the signature
of the treasurer or a designated agent of the political committee.
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