Section 43Sec./Art. 43

Records of Contributions and Expenditures. - The national treasurer of the political party shall submit by registered mail to the Commission not later than six months preceding a general election a list of the duly appointed local treasurers of the party and such changes therein and additions thereto within the first ten days of every month during the six months preceding an election.

It shall be the duty of every treasurer of a political party or a non-political organization campaigning for or against a party or candidate to keep detailed and exact records and accounts of every election contribution received and election expenditure incurred in such manner that the true and correct statement of its financial transactions may be determined at any time. For this purpose, he shall prepare and maintain separate journals which shall contain in chronological order every contribution received and expenditure made, the date such contribution was received or expenditure incurred, the full name and exact address of each contributor or person to whom such expenditure was made and the amount of contribution or expenditure. He shall have custody of all accounts, receipts and vouchers relative to said contributions and expenditures.

He shall be responsible for their preservation for at least one year after the holding of the election to which they pertain and for their production for inspection by the Commission or its representatives specifically authorized for that purpose and/or upon presentation of a subpoena duces tecum duly issued by the Commission. Failure by the treasurer to preserve such accounts, receipts, and vouchers shall be deemed prima facie evidence of violations of the provision. Every other officer of the political party or non-political organization shall furnish such information in regard to the transactions and activities of the political party or non-political organization as the Commission may require.

Expenses incurred by all other committees, branches and chapters of political parties and non-political organizations shall be deemed included herein.