                                 CODE OF VIRGINIA

REVIEWS OF CAMPAIGN FINANCE REPORTS AND RECORDS (§ 24.2-948.5)

A. The Department shall have the authority to review the reports and records of
the campaign committees. The purposes of the review shall be to (i) reconcile
the balance in the campaign depository with the amounts reported in the
candidate&#8217;s reports of receipts and expenditures and (ii) review the
reports for mathematical accuracy and facial completeness including the
reporting of specific information required by law. In the performance of its
review, the Department is authorized to request the production of monthly bank
statements for, and copies of checks issued on, campaign depositories and
itemized bills, invoices, and receipts for any expenditure of campaign funds in
an amount greater than $500.

B. The Department shall review the reports and records of the campaign
committees within 180 days following the general election. The Department shall
review the reports and records of all of the campaign committees for candidates,
including losing primary candidates, for statewide office; 10 percent of the
campaign committees for candidates, including losing primary candidates, for the
Senate and House of Delegates; and one percent of candidates, including losing
primary candidates, for all other offices in any year in which such offices are
elected. The State Board shall meet publicly to select the campaign committees
to be reviewed by a drawing that ensures selection on a random basis.

C. No review shall be conducted of a campaign committee for any office that has
received less than $25,000 in contributions during the campaign, including the
transfer of surplus funds from a prior campaign. Campaign committees for
candidates that are exempt from review pursuant to this subsection shall not be
included in the drawing provided for in subsection B or counted in determining
the number that equals the relevant percentage of the campaign committees to be
reviewed.

D. In the performance of its duties under this section, the Department may
employ the services of additional personnel to the extent that appropriated
funds are available to the Department for such purpose.

E. The Department shall make a report of the results of its reviews available to
the State Board, the Governor, and the General Assembly by July 1 of each year
following the election year for the office to which the review pertains and the
same shall be posted to the Department&#8217;s website.

HISTORY: 2022, c. 258.