Proposition 102 Update: By Mark R. Kerr

A question to Cathi, CAP and the bamboozlers hawking Proposition 102, how can a political campaign run on a cash basis since Arizona since Arizona Revised Statutes 16-902, Section C states:

"Before a political committee accepts a contribution or makes an expenditure it shall designate one or more state banks, federally chartered depository institutions or depository institutions the deposits or accounts of which are insured by the federal deposit insurance corporation or the national credit union administration as its campaign depository or depositories. The political committee shall notify the filing officer of the designation of the financial institution either at the time of filing the statement of organization pursuant to section 16-902.01 or within five business days after opening an account. All withdrawals or disbursements from these accounts require the signature of the treasurer or a designated agent of the political committee."

Inquiring minds want to know?