{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/24.2-949.4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/24.2-949.4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/24.2-949.4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/24.2-949.4.html"}],"law_id":72330,"edition_id":1,"section_id":72330,"structure_id":14316,"section_number":"24.2-949.4","catch_line":"Political action committee treasurer requirements and responsibilities","history":"2006, cc. 787, 892; 2020, c. 349.","full_text":"A\n\nThe treasurer shall keep detailed and accurate accounts of all contributions turned over to and expenditures made by the committee, the treasurer, or other officer on behalf of the political action committee, or reported to the treasurer pursuant to this chapter. Such account shall set forth the date of the contribution or expenditure, its amount or value, the name and address of the person or committee making the contribution or to whom the expenditure was made, and the object or purpose of the contribution or expenditure.\n\t\t\tSuch books and records may be destroyed or discarded at any time after (i) one year from the date of filing the final report required by § 24.2-949.9 or (ii) a period of three years, whichever first occurs, unless a court of competent jurisdiction shall order their retention for a longer period.B\n\nAll receipts and expenditures received or made by any political action committee, or received or made on its behalf or in relation to the committee by any individual or person, except independent expenditures, shall be paid over or delivered to the political action committee’s treasurer or shall be reported to the treasurer in such detail and form as to allow him to comply fully with this article. An independent expenditure shall be reported pursuant to § 24.2-945.2 in lieu of being reported to the political action committee’s treasurer.C\n\nIt shall be unlawful for any political action committee, its treasurer, or any person receiving contributions or making expenditures on the committee’s behalf or in relation to the committee, to fail to report every contribution and expenditure as required by this article.D\n\nNo political action committee treasurer or other individual shall pay any expense on behalf of the committee, directly or indirectly, except by a check or electronic debit drawn on such designated depository identifying the name of the political action committee. However, a treasurer or other authorized officer of the political action committee may be reimbursed, by a check or electronic debit drawn on the designated depository, for the payment of expenses (i) paid by him by cash, check or electronic debit, or credit card, (ii) made on behalf of the committee, and (iii) fully documented by complete records of the expenditure, maintained as required by this chapter, and including receipts identifying the nature of the expenses and the names and addresses of each person paid by the recipient of the reimbursement.E\n\nA treasurer of a political action committee (i) may establish a petty cash fund to be utilized for the purpose of making expenditures or reimbursing verified credit card expenditures of less than $200 if complete records of such expenditures are maintained as required by this chapter and (ii) may transfer funds from the designated campaign depository to an account or instrument to earn interest on the funds so long as the transferred funds and earned interest are returned to the designated depository account, complete records are maintained, and all expenditures are made through the designated depository account.","order_by":null,"text":{"0":{"id":260549,"text":"The treasurer shall keep detailed and accurate accounts of all contributions turned over to and expenditures made by the committee, the treasurer, or other officer on behalf of the political action committee, or reported to the treasurer pursuant to this chapter. Such account shall set forth the date of the contribution or expenditure, its amount or value, the name and address of the person or committee making the contribution or to whom the expenditure was made, and the object or purpose of the contribution or expenditure.\n\t\t\tSuch books and records may be destroyed or discarded at any time after (i) one year from the date of filing the final report required by § 24.2-949.9 or (ii) a period of three years, whichever first occurs, unless a court of competent jurisdiction shall order their retention for a longer period.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":260550,"text":"All receipts and expenditures received or made by any political action committee, or received or made on its behalf or in relation to the committee by any individual or person, except independent expenditures, shall be paid over or delivered to the political action committee’s treasurer or shall be reported to the treasurer in such detail and form as to allow him to comply fully with this article. An independent expenditure shall be reported pursuant to § 24.2-945.2 in lieu of being reported to the political action committee’s treasurer.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":260551,"text":"It shall be unlawful for any political action committee, its treasurer, or any person receiving contributions or making expenditures on the committee’s behalf or in relation to the committee, to fail to report every contribution and expenditure as required by this article.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":260552,"text":"No political action committee treasurer or other individual shall pay any expense on behalf of the committee, directly or indirectly, except by a check or electronic debit drawn on such designated depository identifying the name of the political action committee. However, a treasurer or other authorized officer of the political action committee may be reimbursed, by a check or electronic debit drawn on the designated depository, for the payment of expenses (i) paid by him by cash, check or electronic debit, or credit card, (ii) made on behalf of the committee, and (iii) fully documented by complete records of the expenditure, maintained as required by this chapter, and including receipts identifying the nature of the expenses and the names and addresses of each person paid by the recipient of the reimbursement.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":260553,"text":"A treasurer of a political action committee (i) may establish a petty cash fund to be utilized for the purpose of making expenditures or reimbursing verified credit card expenditures of less than $200 if complete records of such expenditures are maintained as required by this chapter and (ii) may transfer funds from the designated campaign depository to an account or instrument to earn interest on the funds so long as the transferred funds and earned interest are returned to the designated depository account, complete records are maintained, and all expenditures are made through the designated depository account.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":14316,"edition_id":1,"name":"Political Action Committees","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":13071,"metadata":{},"date_created":"2026-06-26 03:47:43","date_modified":"2026-06-26 03:47:43","permalink":{"id":189193,"object_type":"structure","relational_id":14316,"identifier":"4","token":"24.2\/9.3\/4","url":"\/24.2\/9.3\/4\/","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":58888,"structure_id":14316,"section_number":"24.2-949","catch_line":"Political action committee election cycle","url":"\/24.2-949\/","token":"24.2\/9.3\/4\/24.2-949","metadata":false},{"id":55959,"structure_id":14316,"section_number":"24.2-949.1","catch_line":"Establishment of political action committees by certain entities","url":"\/24.2-949.1\/","token":"24.2\/9.3\/4\/24.2-949.1","metadata":false},{"id":60201,"structure_id":14316,"section_number":"24.2-949.2","catch_line":"Statement of organization for a political action committee","url":"\/24.2-949.2\/","token":"24.2\/9.3\/4\/24.2-949.2","metadata":false},{"id":61683,"structure_id":14316,"section_number":"24.2-949.3","catch_line":"Use of candidate's name in name of political committee","url":"\/24.2-949.3\/","token":"24.2\/9.3\/4\/24.2-949.3","metadata":false},{"id":72330,"structure_id":14316,"section_number":"24.2-949.4","catch_line":"Political action committee treasurer requirements and responsibilities","url":"\/24.2-949.4\/","token":"24.2\/9.3\/4\/24.2-949.4","metadata":false},{"id":55610,"structure_id":14316,"section_number":"24.2-949.5","catch_line":"Information to be included on campaign finance reports for political action committees","url":"\/24.2-949.5\/","token":"24.2\/9.3\/4\/24.2-949.5","metadata":false},{"id":85405,"structure_id":14316,"section_number":"24.2-949.6","catch_line":"Filing schedule for political action committees","url":"\/24.2-949.6\/","token":"24.2\/9.3\/4\/24.2-949.6","metadata":false},{"id":75304,"structure_id":14316,"section_number":"24.2-949.7","catch_line":"Large dollar contribution reporting requirement for political action committees","url":"\/24.2-949.7\/","token":"24.2\/9.3\/4\/24.2-949.7","metadata":false},{"id":60461,"structure_id":14316,"section_number":"24.2-949.7:1","catch_line":"Special report required of certain large pre-election expenditures","url":"\/24.2-949.7_1\/","token":"24.2\/9.3\/4\/24.2-949.7_1","metadata":false},{"id":64612,"structure_id":14316,"section_number":"24.2-949.8","catch_line":"With whom political action committees file reports; electronic filing requirement","url":"\/24.2-949.8\/","token":"24.2\/9.3\/4\/24.2-949.8","metadata":false},{"id":76822,"structure_id":14316,"section_number":"24.2-949.9","catch_line":"Final report requirement; disbursement of surplus funds","url":"\/24.2-949.9\/","token":"24.2\/9.3\/4\/24.2-949.9","metadata":false}],"previous_section":{"id":61683,"structure_id":14316,"section_number":"24.2-949.3","catch_line":"Use of candidate's name in name of political committee","url":"\/24.2-949.3\/","token":"24.2\/9.3\/4\/24.2-949.3","metadata":false},"next_section":{"id":55610,"structure_id":14316,"section_number":"24.2-949.5","catch_line":"Information to be included on campaign finance reports for political action committees","url":"\/24.2-949.5\/","token":"24.2\/9.3\/4\/24.2-949.5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/24.2-949.4\/","history_text":"

This law was first created in 2006. The record of its establishment is cataloged in chapters 787<\/a> and 892<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2020, chapter 349<\/a>.<\/p>","references":[{"id":55610,"section_number":"24.2-949.5","catch_line":"Information to be included on campaign finance reports for political action committees","order_by":null,"url":"\/24.2-949.5\/"}],"refers_to":[{"id":68133,"section_number":"24.2-945.2","catch_line":"Persons required to file independent expenditure disclosure reports; filing deadline","order_by":null,"url":"\/24.2-945.2\/"},{"id":76822,"section_number":"24.2-949.9","catch_line":"Final report requirement; disbursement of surplus funds","order_by":null,"url":"\/24.2-949.9\/"}],"permalink":{"id":189211,"object_type":"law","relational_id":72330,"identifier":"24.2-949.4","token":"24.2\/9.3\/4\/24.2-949.4","url":"\/24.2-949.4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/24.2-949.4\/","token":"24.2\/9.3\/4\/24.2-949.4","dublin_core":{"Title":"Political action committee treasurer requirements and responsibilities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 24.2-949.4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The treasurer shall keep detailed and accurate accounts of all contributions turned over to and expenditures made by the committee, the treasurer, or other officer on behalf of the political action committee, or reported to the treasurer pursuant to this chapter. Such account shall set forth the date of the contribution or expenditure, its amount or value, the name and address of the person or committee making the contribution or to whom the expenditure was made, and the object<\/span> or purpose of the contribution or expenditure.\n\t\t\tSuch books and records may be destroyed or discarded at any time after (i) one year from the date of filing the final report required by § 24.2-949.9<\/a> or (ii) a period of three years, whichever first occurs, unless a court<\/span> of competent jurisdiction<\/span> shall order<\/span> their retention for a longer period. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> All receipts and expenditures received or made by any political action committee, or received or made on its behalf or in relation to the committee by any individual or person, except independent expenditures, shall be paid over or delivered to the political action committee’s treasurer or shall be reported to the treasurer in such detail and form as to allow him to comply fully with this article. An independent expenditure shall be reported pursuant to § 24.2-945.2<\/a> in lieu of being reported to the political action committee’s treasurer. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> It shall be unlawful for any political action committee, its treasurer, or any person receiving contributions or making expenditures on the committee’s behalf or in relation to the committee, to fail to report every contribution and expenditure as required by this article. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> No political action committee treasurer or other individual shall pay any expense on behalf of the committee, directly or indirectly, except by a check or electronic debit drawn on such designated depository identifying the name of the political action committee. However, a treasurer or other authorized officer of the political action committee may be reimbursed, by a check or electronic debit drawn on the designated depository, for the payment of expenses (i) paid by him by cash, check or electronic debit, or credit card, (ii) made on behalf of the committee, and (iii) fully documented by complete records of the expenditure, maintained as required by this chapter, and including receipts identifying the nature of the expenses and the names and addresses of each person paid by the recipient of the reimbursement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> A treasurer of a political action committee (i) may establish a petty cash fund to be utilized for the purpose of making expenditures or reimbursing verified credit card expenditures of less than $200 if complete records of such expenditures are maintained as required by this chapter and (ii) may transfer funds from the designated campaign depository to an account or instrument to earn interest on the funds so long as the transferred funds and earned interest are returned to the designated depository account, complete records are maintained, and all expenditures are made through the designated depository account. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOLITICAL ACTION COMMITTEE TREASURER REQUIREMENTS AND RESPONSIBILITIES (\u00a7\n24.2-949.4)\n\nA. The treasurer shall keep detailed and accurate accounts of all contributions\nturned over to and expenditures made by the committee, the treasurer, or other\nofficer on behalf of the political action committee, or reported to the\ntreasurer pursuant to this chapter. Such account shall set forth the date of the\ncontribution or expenditure, its amount or value, the name and address of the\nperson or committee making the contribution or to whom the expenditure was made,\nand the object or purpose of the contribution or expenditure.\n\t\t\tSuch books and records may be destroyed or discarded at any time after (i)\none year from the date of filing the final report required by § 24.2-949.9\nor (ii) a period of three years, whichever first occurs, unless a court of\ncompetent jurisdiction shall order their retention for a longer period.\n\nB. All receipts and expenditures received or made by any political action\ncommittee, or received or made on its behalf or in relation to the committee by\nany individual or person, except independent expenditures, shall be paid over or\ndelivered to the political action committee’s treasurer or shall be\nreported to the treasurer in such detail and form as to allow him to comply\nfully with this article. An independent expenditure shall be reported pursuant\nto § 24.2-945.2 in lieu of being reported to the political action\ncommittee’s treasurer.\n\nC. It shall be unlawful for any political action committee, its treasurer, or\nany person receiving contributions or making expenditures on the\ncommittee’s behalf or in relation to the committee, to fail to report\nevery contribution and expenditure as required by this article.\n\nD. No political action committee treasurer or other individual shall pay any\nexpense on behalf of the committee, directly or indirectly, except by a check or\nelectronic debit drawn on such designated depository identifying the name of the\npolitical action committee. However, a treasurer or other authorized officer of\nthe political action committee may be reimbursed, by a check or electronic debit\ndrawn on the designated depository, for the payment of expenses (i) paid by him\nby cash, check or electronic debit, or credit card, (ii) made on behalf of the\ncommittee, and (iii) fully documented by complete records of the expenditure,\nmaintained as required by this chapter, and including receipts identifying the\nnature of the expenses and the names and addresses of each person paid by the\nrecipient of the reimbursement.\n\nE. A treasurer of a political action committee (i) may establish a petty cash\nfund to be utilized for the purpose of making expenditures or reimbursing\nverified credit card expenditures of less than $200 if complete records of such\nexpenditures are maintained as required by this chapter and (ii) may transfer\nfunds from the designated campaign depository to an account or instrument to\nearn interest on the funds so long as the transferred funds and earned interest\nare returned to the designated depository account, complete records are\nmaintained, and all expenditures are made through the designated depository\naccount.\n\nHISTORY: 2006, cc. 787, 892; 2020, c. 349.","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}}