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Virginia Statutes § 24.2-952.5 Large dollar contribution reporting requirement for inaugural committees

⤴ Up to Article 7: Inaugural Committees

Statute Text

In addition to the reports required by § 24.2-952.4 , inaugural committees shall report any single contribution or loan of $10,000 or more received at any time during the calendar year within three business days of receipt of the contribution or loan.
1. The report shall be filed on a "large dollar contribution report" form prescribed by the State Board and shall be filed in writing or electronically in the same manner as the committee files its quarterly disclosure reports.
2. Any contribution or loan reported pursuant to this section shall also be reported on the next subsequent report required under § 24.2-952.4 following receipt of the contribution or loan.
3. For the purposes of this section, inaugural committees shall report as one contribution multiple contributions from a single source that have been subdivided into smaller amounts or given through different bank accounts for the purpose of evading the $10,000 threshold.
4. An inaugural committee that receives contributions from affiliated organizations shall not be deemed to be receiving contributions from a single source.

Source

1984, c. 480, § 24.1-923 ; 1991, cc. 9, 474, 709, § 24.1-254.3 ; 1993, cc. 639, 641, § 24.2-913 , 24.2-923 ; 1995, c. 785; 2002, cc. 156, 237; 2003, c. 256; 2004, c. 26; 2005, c. 9; 2006, cc. 787, 892.

History

Amended by Acts 2006, § cc. 787, 892.

Amended by Acts 2005, § c. 9.

Amended by Acts 2004, § c. 26.

Amended by Acts 2003, § c. 256.

Amended by Acts 2002, § cc. 156, 237.

Amended by Acts 1995, § c. 785.

Amended by Acts 1993, § cc. 639, 641, § 24.2-913, 24.2-923.

Amended by Acts 1991, § cc. 9, 474, 709, § 24.1-254.3.

Amended by Acts 1984, § c. 480, § 24.1-923.

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