Preservation of receipted bills and checks

Sec. 24. (a) The treasurer of a committee shall obtain and keep receipted bills, cancelled checks, or other proof of payment, stating the particulars for each expenditure made by or on behalf of a committee: (1) of more than twenty-five dollars ($25); and (2) for a smaller amount, if the aggregate amount of the expenditures to the same person during a year exceeds twenty-five dollars ($25). (b) The treasurer shall preserve all receipted bills and accounts required to be kept by this section for: (1) three (3) years; or (2) one (1) year after the date of dissolution of the committee; whichever occurs first. [Pre-1986 Recodification Citation: 3-4-2-21.] As added by P.L.5-1986, SEC.5. Amended by P.L.3-1987, SEC.142.