                                 CODE OF VIRGINIA

LARGE DOLLAR CONTRIBUTION REPORTING REQUIREMENT FOR POLITICAL ACTION COMMITTEES
(§ 24.2-949.7)

In addition to the scheduled reports required by § 24.2-949.6, political action
committees shall report any single contribution or loan of $10,000 or more
received at any time during the calendar year within three business days of
receipt of the contribution or loan.

1. The report shall be filed on a &#8220;large dollar contribution report&#8221;
form prescribed by the State Board and shall be filed in writing or
electronically in the same manner as the political action committee files its
scheduled reports.

2. Any contribution or loan reported pursuant to this section shall also be
reported on the next subsequent report required under &#xA7; 24.2-949.6
following receipt of the contribution or loan.

3. For the purposes of this section, political action committees shall report as
one contribution multiple contributions from a single source that have been
subdivided into smaller amounts or given through different bank accounts for the
purpose of evading the $10,000 threshold. A political action committee that
receives contributions from affiliated organizations shall not be deemed to be
receiving contributions from a single source.

HISTORY: 1984, c. 480, § 24.1-923; 1991, cc. 9, 709; 1993, cc. 639, 641, §
24.2-923; 1995, c. 785; 2002, cc. 156, 237; 2003, c. 256; 2004, c. 26; 2005, c.
9; 2006, cc. 787, 892; 2023, c. 764.