§ La. R.S. 18:1491.5(untitled)

Maintenance of records; valuation of in-kind contributions and expenditures
A. The chairman of each committee and the treasurer shall be responsible for providing and
maintaining such records of the finances of the committee as are necessary to comply with the provisions
of this Part, including but not limited to the records specifically required by this Section.
B.(1) Except as otherwise provided in this Section, the treasurer of each committee shall keep such
records of contributions received and accepted by him or a deputy treasurer as shall be necessary to comply
with the provisions of this Part, including the names and addresses of all contributors, and the date of each
contribution, the amount or value of the contribution of whatever value, and a description and valuation of
all in-kind contributions.
(2) Payments made to purchase raffle tickets or paraphernalia, other than expenditures made by a
committee for its own paraphernalia, and payments for tickets to testimonials and similar fundraising events
are contributions, and records thereof shall be maintained, provided that:
(a) In the case of any single transaction involving the sale of raffle tickets or paraphernalia which
is for an amount not in excess of fifty dollars and the proceeds of which are received and deposited by a
political committee, no record need be kept by the treasurer for such recipient committee, except the total
amount received and deposited from such sale and the fact that such amount was received from such sale.
(b) No person shall sell or buy raffle tickets or paraphernalia in successive single transactions for
amounts below those for which specific records are required by this Paragraph as a subterfuge to avoid
requirements of this Part that names and addresses of contributors and dates and amounts of contributions
be recorded, aggregated, and reported. Such transactions shall be considered single transactions and shall
be recorded and reported as provided in this Part. Any person who violates the provisions of this Section
shall be subject to the penalties provided in R.S. 18:1505.4, 1505.5, and 1505.6.
(3) The treasurer of each committee shall also keep such records of campaign expenditures made
or contracted as shall be necessary to comply with the provisions of this Part, including the name and address
of the person or firm from whom goods or services were purchased or contracted, the date, the amount or
value and the purpose of the expenditure, a description of the goods or services purchased or contracted, and
a description and valuation of all in-kind expenditures.
(4) All transactions involving the sale of tickets to a testimonial or similar fundraising event shall
be evidenced by a record of the names and addresses of the purchasers, the amount of tickets purchased, and
the value of the tickets purchased.
C. The valuation of in-kind contributions or expenditures shall be the estimated fair market value
thereof at the time received and expended.
D. A record shall be kept of all expenditures made from the petty cash fund for which provision is
made in R.S. 18:1491.4, including the name and address of the person or firm from whom goods or services
were purchased or contracted, the amount and the purpose of the expenditure, and a description of the goods
or services purchased or contracted. In addition, a receipt shall be kept for each such expenditure in any case
in which a receipt would normally be provided in the usual course of business.
E. A record shall be kept of each loan made by the committee to or from any person or committee,
together with the full name and address of the lender, of the recipient of the proceeds of the loan, and of any
person who makes any type of security agreement binding himself or his property, directly or indirectly, for
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R.S. 18:1491.6
the repayment of all or any part of the loan. In addition, a record shall be kept of the repayment of each such
loan and of the source of funds expended for repayment.
F. Repealed by