                                 CODE OF VIRGINIA

LOANS TO CANDIDATE CAMPAIGN COMMITTEES; PROHIBITED INTEREST PAYMENTS; CIVIL
PENALTY (§ 24.2-947.4:1)

This section shall apply to any loan made to a candidate campaign committee by
the candidate or by a member of his immediate family as that term is defined in
§ 30-101. There shall be no interest paid to the candidate or his immediate
family member by the candidate campaign committee on the amount of the loan, and
the committee shall repay no more than the face value of the loan.
		Any person who accepts or makes an interest payment in violation of this
section shall be subject to a civil penalty equal to the amount of the
prohibited interest payment or $500, whichever amount is greater. The attorney
for the Commonwealth shall initiate civil proceedings to enforce the civil
penalty provided herein. Any civil penalties collected shall be payable to the
State Treasurer for deposit to the general fund.

HISTORY: 2012, c. 163.