{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/24.2-949.9.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/24.2-949.9.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/24.2-949.9.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/24.2-949.9.html"}],"law_id":76822,"edition_id":1,"section_id":76822,"structure_id":14316,"section_number":"24.2-949.9","catch_line":"Final report requirement; disbursement of surplus funds","history":"1990, c. 931, \u00a7 24.1-258.1; 1993, c. 641, \u00a7 24.2-921; 2004, c. 457; 2006, cc. 787, 892; 2009, c. 231.","full_text":"A\n\nAny political action committee that, after having filed a statement of organization, disbands or determines it will no longer receive contributions or make expenditures during the calendar year in an aggregate amount exceeding $200 shall so notify the State Board. A final report shall be filed by the 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 the committee’s surplus funds. This final report shall include a termination statement, signed by the treasurer or other principal officer listed on the statement of organization, that all reporting for the committee is complete and final.B\n\nAmounts received by a political action committee as contributions may be disposed of only by one or any combination of the following: (i) transferring the excess to an affiliated organization of the committee; (ii) returning the excess to a contributor in an amount not to exceed the contributor’s original contribution; (iii) donating the excess to any organization described in § 170(c) of the Internal Revenue Code; (iv) contributing the excess 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 to any political party committee; and (vi) defraying any ordinary, nonreimbursed expense related to the political action committee. It shall be unlawful for any person to convert any contributed moneys, securities, or like intangible personal property to his personal use or to the use of a member of the “immediate family,” as that term is defined in § 30-101, of the committee’s treasurer or chief executive.","order_by":null,"text":{"0":{"id":275826,"text":"Any political action committee that, after having filed a statement of organization, disbands or determines it will no longer receive contributions or make expenditures during the calendar year in an aggregate amount exceeding $200 shall so notify the State Board. A final report shall be filed by the 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 the committee’s surplus funds. This final report shall include a termination statement, signed by the treasurer or other principal officer listed on the statement of organization, that all reporting for the committee is complete and final.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":275827,"text":"Amounts received by a political action committee as contributions may be disposed of only by one or any combination of the following: (i) transferring the excess to an affiliated organization of the committee; (ii) returning the excess to a contributor in an amount not to exceed the contributor’s original contribution; (iii) donating the excess to any organization described in § 170(c) of the Internal Revenue Code; (iv) contributing the excess 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 to any political party committee; and (vi) defraying any ordinary, nonreimbursed expense related to the political action committee. It shall be unlawful for any person to convert any contributed moneys, securities, or like intangible personal property to his personal use or to the use of a member of the “immediate family,” as that term is defined in § 30-101, of the committee’s treasurer or chief executive.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"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":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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/24.2-949.9\/","history_text":"

This law was first created in 1990. The record of its establishment is cataloged in chapter 931 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 1990 \u201cActs\u201d aren\u2019t available online. It has been modified 4 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 1993, chapter 641; in 2004, chapter 457<\/a>; in 2006, chapters 787<\/a> and 892<\/a>; in 2009, chapter 231<\/a>.<\/p>","references":[{"id":72330,"section_number":"24.2-949.4","catch_line":"Political action committee treasurer requirements and responsibilities","order_by":null,"url":"\/24.2-949.4\/"}],"refers_to":[{"id":75007,"section_number":"30-101","catch_line":"Definitions","order_by":null,"url":"\/30-101\/"}],"permalink":{"id":189235,"object_type":"law","relational_id":76822,"identifier":"24.2-949.9","token":"24.2\/9.3\/4\/24.2-949.9","url":"\/24.2-949.9\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/24.2-949.9\/","token":"24.2\/9.3\/4\/24.2-949.9","dublin_core":{"Title":"Final report requirement; disbursement of surplus funds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 24.2-949.9","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any political action committee that, after having filed a statement of organization, disbands or determines it will no longer receive contributions or make expenditures during the calendar year in an aggregate amount exceeding $200 shall so notify the State Board<\/span>. A final report shall be filed by the 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 the committee’s surplus funds. This final report shall include a termination statement, signed by the treasurer or other principal officer listed on the statement of organization, that all reporting for the committee is complete and final. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Amounts received by a political action committee as contributions may be disposed of only by one or any combination of the following: (i) transferring the excess to an affiliated organization of the committee; (ii) returning the excess to a contributor in an amount not to exceed the contributor’s original contribution; (iii) donating the excess to any organization described in § 170(c) of the Internal Revenue Code; (iv) contributing the excess 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 to any political party<\/span> committee; and (vi) defraying any ordinary, nonreimbursed expense related to the political action committee. It shall be unlawful for any person to convert any contributed moneys, securities, or like intangible personal property to his personal use or to the use of a member of the “immediate family,” as that term is defined in § 30-101<\/a>, of the committee’s treasurer or chief executive. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFINAL REPORT REQUIREMENT; DISBURSEMENT OF SURPLUS FUNDS (\u00a7 24.2-949.9)\n\nA. Any political action committee that, after having filed a statement of\norganization, disbands or determines it will no longer receive contributions or\nmake expenditures during the calendar year in an aggregate amount exceeding $200\nshall so notify the State Board. A final report shall be filed by the committee\nthat sets forth (i) all receipts and disbursements not previously reported, (ii)\nan accounting of the retirement of all debts, and (iii) the disposition of the\ncommittee’s surplus funds. This final report shall include a termination\nstatement, signed by the treasurer or other principal officer listed on the\nstatement of organization, that all reporting for the committee is complete and\nfinal.\n\nB. Amounts received by a political action committee as contributions may be\ndisposed of only by one or any combination of the following: (i) transferring\nthe excess to an affiliated organization of the committee; (ii) returning the\nexcess to a contributor in an amount not to exceed the contributor’s\noriginal contribution; (iii) donating the excess to any organization described\nin § 170(c) of the Internal Revenue Code; (iv) contributing the excess to\none or more candidates or to any political committee that has filed a statement\nof organization pursuant to this chapter; (v) contributing the excess to any\npolitical party committee; and (vi) defraying any ordinary, nonreimbursed\nexpense related to the political action committee. It shall be unlawful for any\nperson to convert any contributed moneys, securities, or like intangible\npersonal property to his personal use or to the use of a member of the\n“immediate family,” as that term is defined in § 30-101, of the\ncommittee’s treasurer or chief executive.\n\nHISTORY: 1990, c. 931, \u00a7 24.1-258.1; 1993, c. 641, \u00a7 24.2-921; 2004, c. 457;\n2006, cc. 787, 892; 2009, c. 231.","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}}