{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/24.2-948.4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/24.2-948.4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/24.2-948.4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/24.2-948.4.html"}],"law_id":86477,"edition_id":1,"section_id":86477,"structure_id":13787,"section_number":"24.2-948.4","catch_line":"(Effective July 1, 2026) Final report requirement; disbursement of surplus funds","history":"1986, c. 558, \u00a7 24.1-257.2; 1988, c. 734; 1990, c. 931, \u00a7 24.1-258.1; 1991, c. 709; 1993, c. 641, \u00a7\u00a7 24.2-920, 24.2-921; 2000, c. 233; 2003, c. 248; 2004, c. 457; 2006, cc. 787, 892; 2009, c. 231; 2025, cc. 535, 537.","full_text":"A\n\nA final report shall be filed by every campaign committee that sets forth (i) all receipts and disbursements not previously reported, (ii) an accounting of the retirement of all debts, and (iii) the disposition of all surplus funds as provided in subsection D. The final report shall include a termination statement, signed by the candidate, that all reporting for the campaign committee is complete and final. Once a campaign committee’s final report has been filed, no further report relating to that election shall be required.B\n\nA final report shall be required when (i) a candidate no longer seeks election to the same office in a successive election, (ii) a candidate seeks election to a different office, or (iii) the candidate is deceased.C\n\nIf the candidate is deceased, the final report shall be filed and signed by the treasurer. If the candidate was serving as his own treasurer, his executor shall file and sign the final report. Any excess contributed funds shall be disposed of pursuant to the provisions of subsection D.D\n\nAmounts received by a candidate or his campaign committee as contributions that are in excess of the amount necessary to defray his campaign expenditures or items acquired using campaign contributions may be disposed of only by one or any combination of the following: (i) transferring the excess or items acquired using campaign contributions for use in a succeeding election or to retire the deficit in a preceding election; (ii) returning the excess or items acquired using campaign contributions to a contributor in an amount not to exceed the contributor’s original contribution; (iii) donating the excess or items acquired using campaign contributions to any organization described in § 170(c) of the Internal Revenue Code; (iv) contributing the excess or items acquired using campaign contributions to one or more candidates or to any political committee that has filed a statement of organization pursuant to this chapter; (v) contributing the excess or items acquired using campaign contributions to any political party committee; and (vi) defraying any ordinary, nonreimbursed expense related to his elective office.","order_by":null,"text":{"0":{"id":309756,"text":"A final report shall be filed by every campaign committee that sets forth (i) all receipts and disbursements not previously reported, (ii) an accounting of the retirement of all debts, and (iii) the disposition of all surplus funds as provided in subsection D. The final report shall include a termination statement, signed by the candidate, that all reporting for the campaign committee is complete and final. Once a campaign committee’s final report has been filed, no further report relating to that election shall be required.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":309757,"text":"A final report shall be required when (i) a candidate no longer seeks election to the same office in a successive election, (ii) a candidate seeks election to a different office, or (iii) the candidate is deceased.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":309758,"text":"If the candidate is deceased, the final report shall be filed and signed by the treasurer. If the candidate was serving as his own treasurer, his executor shall file and sign the final report. Any excess contributed funds shall be disposed of pursuant to the provisions of subsection D.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":309759,"text":"Amounts received by a candidate or his campaign committee as contributions that are in excess of the amount necessary to defray his campaign expenditures or items acquired using campaign contributions may be disposed of only by one or any combination of the following: (i) transferring the excess or items acquired using campaign contributions for use in a succeeding election or to retire the deficit in a preceding election; (ii) returning the excess or items acquired using campaign contributions to a contributor in an amount not to exceed the contributor’s original contribution; (iii) donating the excess or items acquired using campaign contributions to any organization described in § 170(c) of the Internal Revenue Code; (iv) contributing the excess or items acquired using campaign contributions to one or more candidates or to any political committee that has filed a statement of organization pursuant to this chapter; (v) contributing the excess or items acquired using campaign contributions to any political party committee; and (vi) defraying any ordinary, nonreimbursed expense related to his elective office.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13787,"edition_id":1,"name":"Candidates and Their Campaign Committees","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13071,"metadata":{},"date_created":"2026-06-26 03:45:52","date_modified":"2026-06-26 03:45:52","permalink":{"id":189095,"object_type":"structure","relational_id":13787,"identifier":"3","token":"24.2\/9.3\/3","url":"\/24.2\/9.3\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13071,"edition_id":1,"name":"Campaign Finance Disclosure Act of 2006","identifier":"9.3","label":"chapter","depth":2,"order_by":1,"parent_id":12937,"metadata":{},"date_created":"2026-06-26 03:44:14","date_modified":"2026-06-26 03:44:14","permalink":{"id":189053,"object_type":"structure","relational_id":13071,"identifier":"9.3","token":"24.2\/9.3","url":"\/24.2\/9.3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12937,"edition_id":1,"name":"Elections","identifier":"24.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:03","date_modified":"2026-06-26 03:44:03","permalink":{"id":187149,"object_type":"structure","relational_id":12937,"identifier":"24.2","token":"24.2","url":"\/24.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":82184,"structure_id":13787,"section_number":"24.2-947","catch_line":"Candidate election cycle","url":"\/24.2-947\/","token":"24.2\/9.3\/3\/24.2-947","metadata":false},{"id":69486,"structure_id":13787,"section_number":"24.2-947.1","catch_line":"Statement of organization","url":"\/24.2-947.1\/","token":"24.2\/9.3\/3\/24.2-947.1","metadata":false},{"id":75750,"structure_id":13787,"section_number":"24.2-947.10","catch_line":"Filing requirements for persons with multiple campaign committees","url":"\/24.2-947.10\/","token":"24.2\/9.3\/3\/24.2-947.10","metadata":false},{"id":72678,"structure_id":13787,"section_number":"24.2-947.11","catch_line":"Special report required of certain large pre-legislative session contributions","url":"\/24.2-947.11\/","token":"24.2\/9.3\/3\/24.2-947.11","metadata":false},{"id":66685,"structure_id":13787,"section_number":"24.2-947.2","catch_line":"Campaign depositories; reimbursements of expenses; petty cash fund","url":"\/24.2-947.2\/","token":"24.2\/9.3\/3\/24.2-947.2","metadata":false},{"id":61214,"structure_id":13787,"section_number":"24.2-947.3","catch_line":"Campaign committee treasurer requirements and responsibilities","url":"\/24.2-947.3\/","token":"24.2\/9.3\/3\/24.2-947.3","metadata":false},{"id":63651,"structure_id":13787,"section_number":"24.2-947.3:1","catch_line":"Certain contributions received from federal political action and out-of-state political committees; campaign committee responsibilities","url":"\/24.2-947.3_1\/","token":"24.2\/9.3\/3\/24.2-947.3_1","metadata":false},{"id":59018,"structure_id":13787,"section_number":"24.2-947.4","catch_line":"Information to be included on campaign finance reports for campaign committees","url":"\/24.2-947.4\/","token":"24.2\/9.3\/3\/24.2-947.4","metadata":false},{"id":81332,"structure_id":13787,"section_number":"24.2-947.4:1","catch_line":"Loans to candidate campaign committees; prohibited interest payments; 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disbursement of surplus funds","url":"\/24.2-948.4\/","token":"24.2\/9.3\/3\/24.2-948.4","metadata":false},{"id":83947,"structure_id":13787,"section_number":"24.2-948.5","catch_line":"Reviews of campaign finance reports and records","url":"\/24.2-948.5\/","token":"24.2\/9.3\/3\/24.2-948.5","metadata":false},{"id":64578,"structure_id":13787,"section_number":"24.2-948.6","catch_line":"(Effective July 1, 2026) Use of campaign funds","url":"\/24.2-948.6\/","token":"24.2\/9.3\/3\/24.2-948.6","metadata":false},{"id":68549,"structure_id":13787,"section_number":"24.2-948.7","catch_line":"(Effective July 1, 2026) Violations of the ban on personal use of campaign funds; complaint; notice; hearing; civil penalties","url":"\/24.2-948.7\/","token":"24.2\/9.3\/3\/24.2-948.7","metadata":false},{"id":85751,"structure_id":13787,"section_number":"24.2-948.8","catch_line":"(Effective July 1, 2026) Advisory opinions","url":"\/24.2-948.8\/","token":"24.2\/9.3\/3\/24.2-948.8","metadata":false},{"id":72361,"structure_id":13787,"section_number":"24.2-948.9","catch_line":"(Effective July 1, 2026) Prohibited Personal Use Enforcement Fund","url":"\/24.2-948.9\/","token":"24.2\/9.3\/3\/24.2-948.9","metadata":false}],"previous_section":{"id":85156,"structure_id":13787,"section_number":"24.2-948.3","catch_line":"Compliance with reporting requirements of campaign finance disclosure act as requirement of candidacy for certain offices","url":"\/24.2-948.3\/","token":"24.2\/9.3\/3\/24.2-948.3","metadata":false},"next_section":{"id":83947,"structure_id":13787,"section_number":"24.2-948.5","catch_line":"Reviews of campaign finance reports and records","url":"\/24.2-948.5\/","token":"24.2\/9.3\/3\/24.2-948.5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/24.2-948.4\/","history_text":"

This law was first created in 1986. The record of its establishment is cataloged in chapter 558 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1986 \u201cActs\u201d aren\u2019t available online. It has been modified 10 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1988, chapter 734; in 1990, chapter 931; in 1991, chapter 709; in 1993, chapter 641; in 2000, chapter 233<\/a>; in 2003, chapter 248<\/a>; in 2004, chapter 457<\/a>; in 2006, chapters 787<\/a> and 892<\/a>; in 2009, chapter 231<\/a>; in 2025, chapters 535<\/a> and 537<\/a>.<\/p>","references":[{"id":57106,"section_number":"24.2-946.1","catch_line":"Standards and requirements for electronic preparation and transmittal of campaign finance disclosure reports; database","order_by":null,"url":"\/24.2-946.1\/"},{"id":61214,"section_number":"24.2-947.3","catch_line":"Campaign committee treasurer requirements and responsibilities","order_by":null,"url":"\/24.2-947.3\/"},{"id":62414,"section_number":"24.2-947.5","catch_line":"With whom candidates file reports; electronic filing requirement","order_by":null,"url":"\/24.2-947.5\/"},{"id":68047,"section_number":"24.2-948.1","catch_line":"Exemption from reporting requirements for certain candidates for local office and for directors of soil and water conservation districts","order_by":null,"url":"\/24.2-948.1\/"}],"refers_to":false,"permalink":{"id":189169,"object_type":"law","relational_id":86477,"identifier":"24.2-948.4","token":"24.2\/9.3\/3\/24.2-948.4","url":"\/24.2-948.4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/24.2-948.4\/","token":"24.2\/9.3\/3\/24.2-948.4","dublin_core":{"Title":"(Effective July 1, 2026) Final report requirement; disbursement of surplus funds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 24.2-948.4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A final report shall be filed by every campaign committee that sets forth (i) all receipts and disbursements not previously reported, (ii) an accounting of the retirement of all debts, and (iii) the disposition<\/span> of all surplus funds as provided in subsection D. The final report shall include a termination statement, signed by the candidate<\/span>, that all reporting for the campaign committee is complete and final. Once a campaign committee’s final report has been filed, no further report relating to that election<\/span> shall be required. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A final report shall be required when (i) a candidate<\/span> no longer seeks election<\/span> to the same office in a successive election<\/span>, (ii) a candidate<\/span> seeks election<\/span> to a different office, or (iii) the candidate<\/span> is deceased. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the candidate<\/span> is deceased, the final report shall be filed and signed by the treasurer. If the candidate<\/span> was serving as his own treasurer, his executor shall file and sign the final report. Any excess contributed funds shall be disposed of pursuant to the provisions of subsection D. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Amounts received by a candidate<\/span> or his campaign committee as contributions that are in excess of the amount necessary to defray his campaign expenditures or items acquired using campaign contributions may be disposed of only by one or any combination of the following: (i) transferring the excess or items acquired using campaign contributions for use in a succeeding election<\/span> or to retire the deficit in a preceding election<\/span>; (ii) returning the excess or items acquired using campaign contributions to a contributor in an amount not to exceed the contributor’s original contribution; (iii) donating the excess or items acquired using campaign contributions to any organization described in § 170(c) of the Internal Revenue Code; (iv) contributing the excess or items acquired using campaign contributions to one or more candidates<\/span> or to any political committee that has filed a statement of organization pursuant to this chapter; (v) contributing the excess or items acquired using campaign contributions to any political party<\/span> committee; and (vi) defraying any ordinary, nonreimbursed expense related to his elective office. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\n(EFFECTIVE JULY 1, 2026) FINAL REPORT REQUIREMENT; DISBURSEMENT OF SURPLUS FUNDS\n(\u00a7 24.2-948.4)\n\nA. A final report shall be filed by every campaign committee that sets forth (i)\nall receipts and disbursements not previously reported, (ii) an accounting of\nthe retirement of all debts, and (iii) the disposition of all surplus funds as\nprovided in subsection D. The final report shall include a termination\nstatement, signed by the candidate, that all reporting for the campaign\ncommittee is complete and final. Once a campaign committee’s final report\nhas been filed, no further report relating to that election shall be required.\n\nB. A final report shall be required when (i) a candidate no longer seeks\nelection to the same office in a successive election, (ii) a candidate seeks\nelection to a different office, or (iii) the candidate is deceased.\n\nC. If the candidate is deceased, the final report shall be filed and signed by\nthe treasurer. If the candidate was serving as his own treasurer, his executor\nshall file and sign the final report. Any excess contributed funds shall be\ndisposed of pursuant to the provisions of subsection D.\n\nD. Amounts received by a candidate or his campaign committee as contributions\nthat are in excess of the amount necessary to defray his campaign expenditures\nor items acquired using campaign contributions may be disposed of only by one or\nany combination of the following: (i) transferring the excess or items acquired\nusing campaign contributions for use in a succeeding election or to retire the\ndeficit in a preceding election; (ii) returning the excess or items acquired\nusing campaign contributions to a contributor in an amount not to exceed the\ncontributor’s original contribution; (iii) donating the excess or items\nacquired using campaign contributions to any organization described in §\n170(c) of the Internal Revenue Code; (iv) contributing the excess or items\nacquired using campaign contributions to one or more candidates or to any\npolitical committee that has filed a statement of organization pursuant to this\nchapter; (v) contributing the excess or items acquired using campaign\ncontributions to any political party committee; and (vi) defraying any ordinary,\nnonreimbursed expense related to his elective office.\n\nHISTORY: 1986, c. 558, \u00a7 24.1-257.2; 1988, c. 734; 1990, c. 931, \u00a7 24.1-258.1;\n1991, c. 709; 1993, c. 641, \u00a7\u00a7 24.2-920, 24.2-921; 2000, c. 233; 2003, c. 248;\n2004, c. 457; 2006, cc. 787, 892; 2009, c. 231; 2025, cc. 535, 537.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}