What does the Texas Campaign Reporting and Disclosure Act of 1973 require of candidates and political committees?

The Texas Campaign Reporting and Disclosure Act of 1973 mandates that candidates and political committees must appoint a treasurer before accepting contributions. This provision is critical because it helps ensure accountability and transparency in campaign finances. By requiring a designated individual to manage contributions, the law creates an organized structure for tracking and reporting financial activities related to the campaign. This measure is intended to prevent fraud and mismanagement, ensuring that all contributions are properly accounted for.

In contrast, the other options do not align with the requirements set forth by the Texas Campaign Reporting and Disclosure Act. There is no blanket limit of $1,000 on contributions; rather, limits can vary based on different factors. While annual financial statements are indeed required, this is not the most foundational aspect of the law. Additionally, self-funded campaigns are subject to reporting requirements, so the idea that no reporting is required for them does not hold true under the Act. Thus, the appointment of a treasurer serves as a vital first step in compliance with the campaign finance regulations established by the state.