This bill amends Section 67-6604 of the Idaho Code to update the responsibilities of political treasurers for candidates and political committees. The term "Accounts" is replaced with "Duties," emphasizing the treasurer's role as the official point of contact for the Secretary of State regarding campaign activities. The bill mandates that political treasurers maintain at least one checking account for campaign funds, ensuring that all contributions are deposited there and that detailed records of contributions and expenditures are kept current within seven days. Additionally, it specifies that campaign funds must be segregated from other accounts and can only be invested in cash-equivalent accounts, prohibiting investments in stocks or equity securities.

Furthermore, the bill clarifies that political treasurers are responsible for filing all required reports and that their accounts must be preserved for at least one year after the election or the last statement filing. The bill declares an emergency, making it effective on July 1, 2026.

Statutes affected:
Bill Text: 67-6604