24.2-950.7 - Large dollar reporting requirement for political party committees. - Virginia Statutes

§ 24.2-950.7. Large dollar reporting requirement for political partycommittees.

In addition to the quarterly reports required by § 24.2-950.6, politicalparty committees shall report any single contribution or loan of $10,000 ormore received at any time during the calendar year within three business daysof receipt of the contribution or loan.

1. The report shall be filed on a "large dollar contribution report" formprescribed by the State Board and shall be filed in writing or electronicallyin the same manner as the person or committee files its quarterly disclosurereports.

2. Any contribution or loan reported pursuant to this section shall also bereported on the next subsequent report required under § 24.2-950.6 followingreceipt of the contribution or loan.

3. For the purposes of this section, political party committees shall reportas one contribution multiple contributions from a single source that havebeen subdivided into smaller amounts or given through different bank accountsfor the purpose of evading the $10,000 threshold. A political party committeethat receives contributions from affiliated organizations shall not be deemedto be receiving contributions from a single source.

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