§ 163-278.307. Detailed accounts to be kept by treasurer.
§ 163‑278.307. Detailedaccounts to be kept by treasurer.
(a) The treasurer ofeach legal expense fund shall keep detailed accounts, current within sevencalendar days after the date of receiving a legal expense donation or making anexpenditure, of all legal expense donations received and all expenditures madeby or on behalf of the legal expense fund.
(b) Accounts kept bythe treasurer of a legal expense fund or the accounts of a treasurer or legalexpense fund at any bank or other depository may be inspected by a member,designee, agent, attorney, or employee of the Board who is making aninvestigation pursuant to G.S. 163‑278.22.
(c) For purposes ofthis section, "detailed accounts" shall mean at least all informationrequired to be included in the quarterly report required under this Article.
(d) When a treasurershows that best efforts have been used to obtain, maintain, and submit theinformation required by this Article, any report of the legal expense shall beconsidered in compliance with this Article and shall not be the basis forcriminal prosecution or the imposition of civil penalties. The State Board ofElections shall adopt rules to implement this subsection. (2007‑349, s. 1; 2009‑534,s. 2(c).)