(1) Each political committee shall file with the Secretary of State a statement of organization no later than ten (10) days after receipt of contributions aggregating in excess of Two Hundred Dollars ($200.00), or no later than ten (10) days after having made expenditures aggregating in excess of Two Hundred Dollars ($200.00).
(2) The statement of organization of a political committee must include:
(a) The name and address of the committee and all officers;
(b) Designation of a director of the committee and a custodian of books and accounts of the committee, who shall be designated treasurer; and
(c) A brief statement identifying the measure that the committee seeks to pass or defeat.
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