(a) There is a $10 late filing fee for each day or part of a day, excluding a Saturday, Sunday, or holiday, that a campaign finance report required by § 13–408 of this subtitle is overdue.
(b) The maximum fee payable is $250.
(c) A late fee assessed under this section shall be:
(1) paid from the personal funds of the incumbent; and
(2) distributed to the Fair Campaign Financing Fund established under § 15–103 of this article.