{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/24.2-952.7.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/24.2-952.7.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/24.2-952.7.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/24.2-952.7.html"}],"law_id":65317,"edition_id":1,"section_id":65317,"structure_id":16184,"section_number":"24.2-952.7","catch_line":"Final report requirement; disbursement of surplus funds","history":"1990, c. 931, \u00a7 24.1-258.1; 1991, cc. 474, 709, \u00a7\u00a7 24.1-924, 24.1-254.3; 1993, c. 641, \u00a7\u00a7 24.2-913, 24.2-921, 24.2-925; 1994, c. 607; 2004, c. 457; 2006, cc. 787, 892; 2007, c. 622; 2009, c. 231.","full_text":"A\n\nAny inaugural committee that, after having filed a statement of organization, disbands 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\nIt shall be unlawful for any person to disburse any funds or receipts of an inaugural committee which are in excess of the amount necessary to defray expenditures for inaugural activities other than by one or any combination of the following: (i) returning the excess to a contributor in an amount not to exceed the contributor’s original contribution or (ii) making one or more charitable contributions as defined in § 170(c) of the Internal Revenue Code. 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":237541,"text":"Any inaugural committee that, after having filed a statement of organization, disbands 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":237542,"text":"It shall be unlawful for any person to disburse any funds or receipts of an inaugural committee which are in excess of the amount necessary to defray expenditures for inaugural activities other than by one or any combination of the following: (i) returning the excess to a contributor in an amount not to exceed the contributor’s original contribution or (ii) making one or more charitable contributions as defined in § 170(c) of the Internal Revenue Code. 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":16184,"edition_id":1,"name":"Inaugural Committees","identifier":"7","label":"article","depth":3,"order_by":1,"parent_id":13071,"metadata":{},"date_created":"2026-06-26 04:08:29","date_modified":"2026-06-26 04:08:29","permalink":{"id":189341,"object_type":"structure","relational_id":16184,"identifier":"7","token":"24.2\/9.3\/7","url":"\/24.2\/9.3\/7\/","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":64573,"structure_id":16184,"section_number":"24.2-952","catch_line":"General provisions","url":"\/24.2-952\/","token":"24.2\/9.3\/7\/24.2-952","metadata":false},{"id":72271,"structure_id":16184,"section_number":"24.2-952.1","catch_line":"Statement of organization for an inaugural committee","url":"\/24.2-952.1\/","token":"24.2\/9.3\/7\/24.2-952.1","metadata":false},{"id":86906,"structure_id":16184,"section_number":"24.2-952.2","catch_line":"Inaugural committee treasurer requirements and responsibilities","url":"\/24.2-952.2\/","token":"24.2\/9.3\/7\/24.2-952.2","metadata":false},{"id":77863,"structure_id":16184,"section_number":"24.2-952.3","catch_line":"Information to be included on campaign finance reports for inaugural committees","url":"\/24.2-952.3\/","token":"24.2\/9.3\/7\/24.2-952.3","metadata":false},{"id":86782,"structure_id":16184,"section_number":"24.2-952.4","catch_line":"Filing schedule for inaugural committees","url":"\/24.2-952.4\/","token":"24.2\/9.3\/7\/24.2-952.4","metadata":false},{"id":66244,"structure_id":16184,"section_number":"24.2-952.5","catch_line":"Large dollar contribution reporting requirement for inaugural committees","url":"\/24.2-952.5\/","token":"24.2\/9.3\/7\/24.2-952.5","metadata":false},{"id":78496,"structure_id":16184,"section_number":"24.2-952.6","catch_line":"With whom inaugural committees file reports; electronic filing requirement","url":"\/24.2-952.6\/","token":"24.2\/9.3\/7\/24.2-952.6","metadata":false},{"id":65317,"structure_id":16184,"section_number":"24.2-952.7","catch_line":"Final report requirement; disbursement of surplus funds","url":"\/24.2-952.7\/","token":"24.2\/9.3\/7\/24.2-952.7","metadata":false}],"previous_section":{"id":78496,"structure_id":16184,"section_number":"24.2-952.6","catch_line":"With whom inaugural committees file reports; electronic filing requirement","url":"\/24.2-952.6\/","token":"24.2\/9.3\/7\/24.2-952.6","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/24.2-952.7\/","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 7 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 1991, chapters 474 and 709; in 1993, chapter 641; in 1994, chapter 607<\/a>; in 2004, chapter 457<\/a>; in 2006, chapters 787<\/a> and 892<\/a>; in 2007, chapter 622<\/a>; in 2009, chapter 231<\/a>.<\/p>","references":[{"id":86906,"section_number":"24.2-952.2","catch_line":"Inaugural committee treasurer requirements and responsibilities","order_by":null,"url":"\/24.2-952.2\/"}],"refers_to":[{"id":75007,"section_number":"30-101","catch_line":"Definitions","order_by":null,"url":"\/30-101\/"}],"permalink":{"id":189371,"object_type":"law","relational_id":65317,"identifier":"24.2-952.7","token":"24.2\/9.3\/7\/24.2-952.7","url":"\/24.2-952.7\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/24.2-952.7\/","token":"24.2\/9.3\/7\/24.2-952.7","dublin_core":{"Title":"Final report requirement; disbursement of surplus funds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 24.2-952.7","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any inaugural committee that, after having filed a statement of organization, disbands 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> It shall be unlawful for any person to disburse any funds or receipts of an inaugural committee which are in excess of the amount necessary to defray expenditures for inaugural activities other than by one or any combination of the following: (i) returning the excess to a contributor in an amount not to exceed the contributor’s original contribution or (ii) making one or more charitable contributions as defined in § 170(c) of the Internal Revenue Code. 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 24.2-952.7)\n\nA. Any inaugural committee that, after having filed a statement of organization,\ndisbands shall so notify the State Board. A final report shall be filed by the\ncommittee that sets forth (i) all receipts and disbursements not previously\nreported, (ii) an accounting of the retirement of all debts, and (iii) the\ndisposition of the committee’s surplus funds. This final report shall\ninclude a termination statement, signed by the treasurer or other principal\nofficer listed on the statement of organization, that all reporting for the\ncommittee is complete and final.\n\nB. It shall be unlawful for any person to disburse any funds or receipts of an\ninaugural committee which are in excess of the amount necessary to defray\nexpenditures for inaugural activities other than by one or any combination of\nthe following: (i) returning the excess to a contributor in an amount not to\nexceed the contributor’s original contribution or (ii) making one or more\ncharitable contributions as defined in § 170(c) of the Internal Revenue\nCode. It shall be unlawful for any person to convert any contributed moneys,\nsecurities, or like intangible personal property to his personal use or to the\nuse of a member of the “immediate family,” as that term is defined\nin § 30-101, of the committee’s treasurer or chief executive.\n\nHISTORY: 1990, c. 931, \u00a7 24.1-258.1; 1991, cc. 474, 709, \u00a7\u00a7 24.1-924,\n24.1-254.3; 1993, c. 641, \u00a7\u00a7 24.2-913, 24.2-921, 24.2-925; 1994, c. 607; 2004,\nc. 457; 2006, cc. 787, 892; 2007, c. 622; 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}}