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3-9-1-24. Preservation of receipted bills and checks

IN Code § 3-9-1-24 (2019) (N/A)
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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.

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