§ 17-25-5.2. Segregation of campaign funds.
(a) All campaign funds received and expended by a candidate, office holder, treasurer, or deputy treasurer, subject to the provisions of this chapter, shall be segregated from all other accounts. The candidate or office holder must maintain a separate campaign account, which shall not contain any non-campaign funds, at a financial institution that has a physical branch within this state. The comingling of a candidate's personal or business funds with campaign funds is expressly prohibited. As used herein, the term "financial institution" includes a bank or a credit union.
(b) Applicability to political action committees.
The provisions of this section shall apply to political action committees, as well as to individual candidates and office holders.
(P.L. 2015, ch. 20, § 1; P.L. 2015, ch. 23, § 1.)