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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55011</law_id><section_number>24.2-950.7</section_number><catch_line>Large dollar reporting requirement for political party committees</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="24.2">Elections</unit><unit label="chapter" level="2" order_by="1" identifier="9.3">Campaign Finance Disclosure Act of 2006</unit><unit label="article" level="3" order_by="1" identifier="5">Political Party Committees</unit></structure><text>
						<section><p>In addition to the quarterly reports required by &#xA7;&#xA0;<a class="law" title="Filing schedule for political party committees" href="/24.2-950.6/">24.2-950.6</a>, <span class="dictionary">political party</span> committees shall report any single contribution or loan of $10,000 or more received at any time during the calendar year within three business days of receipt of the contribution or loan.</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> The report shall be filed on a &#x201C;large dollar contribution report&#x201D; form prescribed by the <span class="dictionary">State Board</span> and shall be filed in writing or electronically in the same manner as the person or committee files its quarterly disclosure reports. <a id="paragraph-201795" class="section-permalink" href="https://vacode.org/24.2-950.7/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Any contribution or loan reported pursuant to this section shall also be reported on the next subsequent report required under &#xA7; <a class="law" title="Filing schedule for political party committees" href="/24.2-950.6/">24.2-950.6</a> following receipt of the contribution or loan. <a id="paragraph-201796" class="section-permalink" href="https://vacode.org/24.2-950.7/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> For the purposes of this section, <span class="dictionary">political party</span> committees shall report as one contribution multiple contributions from a single source that have been subdivided into smaller amounts or given through different bank accounts for the purpose of evading the $10,000 threshold. A <span class="dictionary">political party</span> committee that receives contributions from affiliated organizations shall not be deemed to be receiving contributions from a single source. <a id="paragraph-201797" class="section-permalink" href="https://vacode.org/24.2-950.7/#3"><i class="fa fa-link"/></a></p></section></text><history>1984, c. 480, &#xA7; 24.1-923; 1991, cc. 9, 709; 1993, cc. 639, 641, &#xA7; 24.2-923; 1995, c. 785; 2002, cc. 156, 237; 2003, c. 256; 2004, c. 26; 2005, c. 9; 2006, cc. 787, 892.</history><metadata></metadata></law>
