24.2-951.7 - Large dollar contribution reporting requirement for referendum committees. - Virginia Statutes

§ 24.2-951.7. Large dollar contribution reporting requirement for referendumcommittees.

In addition to the reports required by §§ 24.2-951.4, 24.2-951.5 and24.2-951.6, referendum committees shall report any single contribution orloan of $10,000 or more received at any time during the calendar year withinthree business days of 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 this article followingreceipt of the contribution or loan.

3. For the purposes of this section, referendum committees shall report asone contribution multiple contributions from a single source that have beensubdivided into smaller amounts or given through different bank accounts forthe purpose of evading the $10,000 threshold.

4. A referendum committee that receives contributions from affiliatedorganizations shall not be deemed to be receiving contributions from a singlesource.

(2003, c. 257, § 24.2-910.1; 2005, c. 745; 2006, cc. 787, 892.)