§ La. R.S. 18:1495.3(untitled)

Maintenance of records; valuation of in-kind contributions and expenditures
A. The candidate and the campaign treasurer, if the candidate does not act as campaign treasurer,
shall be responsible for providing and maintaining such records of campaign finances 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 campaign treasurer for each candidate shall
keep such records of campaign contributions received and accepted by him as shall be necessary to comply
with the provisions of this Part, including the names and addresses of all contributors, 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 campaign paraphernalia, other than expenditures
made by a candidate for his 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
candidate, no record need be kept by the campaign treasurer for such recipient candidate, 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 campaign 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, R.S. 18:1505.5, and
R.S. 18:1505.6.
(3)(a) Each campaign treasurer for a candidate shall also keep records of the amounts of all
expenditures made by the candidate from his own funds.
(b) The campaign treasurer of each candidate 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 or expended.
D. A record shall be kept of all expenditures made from the petty cash fund for which provision is
made in R.S. 18:1495.2, 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 candidate 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
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.
House of Representatives Database
Louisiana Election Code – 337
R.S. 18:1495.4
F. Repealed by