                                 CODE OF VIRGINIA

STATEMENT OF ORGANIZATION FOR A POLITICAL ACTION COMMITTEE (§ 24.2-949.2)

A. Except as provided in subsection B or C, each political action committee that
anticipates receiving contributions or making expenditures in excess of $200 in
a calendar year shall file with the State Board a statement of organization
within 10 days after its organization, or if later, within 10 days after the
date on which it has information that causes the committee to anticipate it will
receive contributions or make expenditures in excess of $200 or on which it
otherwise becomes subject to the provisions of this chapter. Any change in
information previously submitted in a statement of organization shall be
reported to the State Board within 10 days following the change.
			The statement of organization shall include:

   1. The name of the political action committee and its address in the
   Commonwealth;

   2. The names, addresses, and relationships of affiliated or connected
   organizations;

   3. The area, scope, or jurisdiction of the political action committee
   accompanied by the statement that the primary purpose of the committee is to
   advocate the election or defeat of a clearly identified candidate;

   4. The name and business address of the treasurer and his residence address in
   the Commonwealth who shall be deemed the agent of the political action
   committee for the purpose of service of process on the political action
   committee;

   5. The name, residence address in the Commonwealth, business address, and
   position of the custodian of the books and accounts, who works under the
   direction of the treasurer, and the address in the Commonwealth where the
   books are maintained;

   6. The name, address, office sought, and party affiliation of each individual
   whom the political action committee is supporting or opposing for nomination
   or for election to any public office whatever or, if supporting the entire
   ticket of any party, the name of the party;

   7. The designated depository to be used for the receipt and holding of funds
   and contributions received by the political action committee, in an account in
   a financial institution within the Commonwealth; and

   8. Such other information as shall be required by the State Board except that
   the account number for the designated depository account shall not be
   required.
   				The State Board shall not register or issue a registration number to any
   political action committee that fails to state pursuant to subdivision 3 that
   its primary purpose is to influence the outcome of nonfederal elections in
   Virginia.

B. Notwithstanding the provisions of subsection A, a political action committee
that is established or controlled by a corporation doing business in Virginia
shall provide the following information in its statement of organization in lieu
of the information required in subdivisions 1, 4, 5, and 7 of subsection A:

   1. The name and address of the political action committee;

   2. The name and residence and business addresses of the treasurer;

   3. The name, residence address, and position of the custodian of the books who
   works under the direction of the treasurer; and

   4. A listing of all banks, safe-deposit boxes, or other repositories used.

C. A federal political action committee that makes expenditures for the purpose
of influencing the outcome of any election in Virginia, other than federal
elections, shall provide the following information in its statement of
organization:

   1. The name and address of the committee;

   2. The committee&#8217;s Federal Election Commission registration
   identification number; and

   3. The name and address of its treasurer.
   				The State Board shall be required to provide a link from its Internet
   website to the federal political action committee&#8217;s electronically
   displayed Federal Election Commission campaign finance disclosure reports.

HISTORY: 1975, c. 515, § 24.1-254.1; 1983, c. 119; 1991, cc. 9, 709; 1993, c.
641, § 24.2-908; 1996, c. 1042; 2000, cc. 852, 872; 2004, cc. 441, 457; 2006,
cc. 771, 787, 805, 892; 2007, c. 246.