Contribution to political committees.
Section 34
SEC. 34. Contribution to political committees. — (a) Every political committee shall have a chairman and a treasurer. No contribution shall be accepted and no expenditure made by or on behalf of any political committee, for the purpose of influencing an election, until such chairman and treasurer have been chosen. (b) It shall be the duty of the treasurer of a political committee to keep a detailed and exact account of (1) all contributions made to or for such committee; (2) the true name and address of each contributor; (3) all expenditures made by or on behalf of such committee, and (4) the name and address of every person to whom any such expenditure is made and the date thereof. (c) It shall be the duty of the treasurer to obtain and keep a receipted bill stating the particulars of every expenditure exceeding ten pesos in amount made by or on behalf of a political committee. The treasurer shall preserve all receipted bills and accounts required to be kept by this section for a period of at least one year after the holding of the election to which they pertain.