§ Iowa Code § 68A.203Committee treasurer and chairperson — duties

68A.203 Committee treasurer and chairperson — duties.
1. a. Every candidate’s committee shall appoint a treasurer who shall be an Iowa resident
who has reached the age of majority. Every political committee, state statutory political
committee, and county statutory political committee shall appoint both a treasurer and a
chairperson, each of whom shall have reached the age of majority.
b. Every candidate’s committee shall maintain all of the committee’s funds in bank
accounts in a financial institution located in Iowa. Every political committee, state statutory
political committee, and county statutory political committee shall either have an Iowa
resident as treasurer or maintain all of the committee’s funds in bank accounts in a financial
institution located in Iowa.
c. An expenditure shall not be made by the treasurer or treasurer’s designee for or on
behalf of a committee without the approval of the chairperson of the committee, or the
candidate. Expenditures shall be remitted to the designated recipient within fifteen days of
the date of the issuance of the payment.
2. a. An individual who receives contributions for a committee without the prior
authorization of the chairperson of the committee or the candidate shall be responsible
for either rendering the contributions to the treasurer within fifteen days of the date of
receipt of the contributions, or depositing the contributions in the account maintained by
the committee within seven days of the date of receipt of the contributions.
b. A person, other than a candidate or committee officer, who receives contributions for a
committee shall, not later than fifteen days from the date of receipt of the contributions or on
demand of the treasurer, render to the treasurer the contributions and an account of the total
of all contributions, including the name and address of each person making a contribution
in excess of twenty-five dollars, the amount of the contributions, and the date on which the
contributions were received.
c. The treasurer shall deposit all contributions within seven days of receipt by the
treasurer in an account maintained by the committee.
d. All funds of a committee shall be segregated from any other funds held by officers,
members, or associates of the committee or the committee’s candidate. However, if a
candidate’s committee receives contributions only from the candidate, or if a permanent
organization temporarily engages in activity that qualifies it as a political committee and all
expenditures of the organization are made from existing general operating funds and funds
are not solicited or received for this purpose from sources other than operating funds, then
that committee is not required to maintain a separate account in a financial institution.
e. Committee funds or committee property shall not be used for the personal benefit of
a candidate, officer, member, or associate of the committee. The funds of a committee are
not attachable for the personal debt of the committee’s candidate or an officer, member, or
associate of the committee.
3. The treasurer of a committee shall keep a detailed and exact account of:
a. All contributions made to or for the committee.
b. The name and mailing address of every person making contributions in excess of
twenty-five dollars, and the date and amount of the contribution.
c. All disbursements made from contributions by or on behalf of the committee.
Tue Dec 09 22:30:38 2025
Iowa Code 2026, Chapter 68A (44, 0)
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CAMPAIGN FINANCE, §68A.302
d. The name and mailing address of every person to whom any expenditure is made,
the purpose of the expenditure, the date and amount of the expenditure and the name and
address of, and office sought by each candidate, if any, on whose behalf the expenditure was
made. Notwithstanding this paragraph, the treasurer may keep a miscellaneous account for
disbursements of less than five dollars which need only show the amount of the disbursement
so long as the aggregate miscellaneous disbursements to any one person during a calendar
year do not exceed one hundred dollars.
e. Notwithstanding the provisions of subsection 3, paragraph “d”, of this section, when
an expenditure is made by a committee in support of the entire state or local political party
ticket, only the name of the party shall be given.
4. The treasurer and candidate in the case of a candidate’s committee, and the treasurer
and chairperson in the case of a political committee, shall preserve all records required to
be kept by this section for a period of five years. However, a committee is not required to
preserve any records for more than three years from the certified date of dissolution of the
committee. For purposes of this section, the five-year period shall commence with the due
date of the disclosure report covering the activity documented in the records.
Acts, ch 226, §2; 93 Acts, ch 142, §4; 95 Acts, ch 198, §3; 2003 Acts, ch 40, §1, 9
CS2003, §68A.203
SUBCHAPTER III
CAMPAIGN FUNDS AND PROPERTY