                                 CODE OF VIRGINIA

OUT-OF-STATE POLITICAL COMMITTEES; STATEMENTS OF ORGANIZATION (§ 24.2-949.10)

A. Out-of-state political committees shall submit a statement of organization on
or before the date on which the committee makes contributions of $10,000 or more
in the aggregate in a calendar year to candidate campaign committees or
political committees registered with the State Board of Elections.

B. The statement of organization shall include information as required pursuant
to subsection B of &#xA7; 24.2-949.2 except that the committee shall not be
required to establish a depository account in a financial institution in the
Commonwealth.

C. In addition to the information required pursuant to &#xA7; 24.2-949.2, the
committee shall include on its statement of organization (i) its taxpayer
identification number, (ii) the federal and state agencies with which it is
required to file financial disclosure information, and (iii) the registration
number assigned to it by each agency listed under clause (ii).

D. On the same day that an out-of-state political committee submits its
statement of organization to the State Board, (i) it shall file a list of each
contributor who has contributed to the committee $2,500 or more in the aggregate
between the immediately preceding January 1 and the date on which the statement
of organization is filed with the contributor&#8217;s name, address, occupation,
employer, and place of business and the dates and amounts of the
contributor&#8217;s contributions during the period covered by the report; and
(ii) it shall file a report of the contributions it has made to candidate
campaign committees or political committees registered with the State Board
between the immediately preceding January 1 and the date on which the statement
of organization is filed.

E. Any political organization as defined in &#xA7; 527 of the United States
Internal Revenue Code that is shown on the list of contributors required by this
section and that has contributed $50,000 or more to the committee filing the
list of contributors required by this section shall be required to file a
statement of organization and the lists of its contributors and its
contributions as provided in subsection D.

HISTORY: 2006, cc. 771, 805, § 24.2-908.2.