A. Acceptance of contributions of $10,000 or more in the aggregate in any calendar year from an unregistered federal political action committee or out-of-state political committee shall result in a civil penalty equal to the amount of the contributions made to a candidate campaign committee or political committee.
B. The provisions of this subsection are applicable regardless of the assessment of a civil penalty pursuant to subsection A. The failure of any federal political action committee or out-of-state political committee to comply with the provisions of § 24.2-949.2, 24.2-949.10, 24.2-949.11, or 24.2-949.12 shall result in a civil penalty not to exceed the amount of the contribution made to a candidate campaign committee or political committee.
C. The State Board of Elections shall institute proceedings pursuant to § 24.2-104 against any committee that fails to comply with the provisions of § 24.2-947.3:1, 24.2-949.2, 24.2-949.10, 24.2-949.11, 24.2-949.12, or 24.2-949.13 and, after notice by the State Board, continues for more than five days to remain noncompliant.