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Published on Dec 29, 2016
Depository Candidates and Committees Statewide, district, county and Governor's Council candidates and committees, political action committees, state party committees, people's committees and mayoral and city council candidates in Boston, Brockton, Cambridge, Fall River, Lawrence, Lowell, Lynn, New Bedford, Newton, Quincy, Somerville, Springfield and Worcester.
The term "depository" refers to the fact that these candidates and committees must appoint a specific financial institution as the depository for their campaign / political account. All campaign finance transactions must be processed through this designated account. These candidates and committees arrange for their financial institutions to file twice-monthly reports with OCPF listing their total deposits and providing detailed information about the committee's expenditures for the reporting period. In addition, these candidates file twice-monthly reports of contribution information, and, if applicable, detailed reports for any subvendor, reimbursement or credit card payments made by the committee. During an election year, candidates on the ballot may also file late contribution reports. These candidates are also responsible for filing year-end summary reports.