                                 CODE OF VIRGINIA

LARGE DOLLAR CONTRIBUTION REPORTING REQUIREMENT FOR REFERENDUM COMMITTEES (§
24.2-951.7)

In addition to the reports required by §§ 24.2-951.4, 24.2-951.5 and
24.2-951.6, referendum 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 person or committee files its quarterly
disclosure reports.

2. Any contribution or loan reported pursuant to this section shall also be
reported on the next subsequent report required under this article following
receipt of the contribution or loan.

3. For the purposes of this section, referendum 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.

4. A referendum committee that receives contributions from affiliated
organizations shall not be deemed to be receiving contributions from a single
source.

HISTORY: 2003, c. 257, § 24.2-910.1; 2005, c. 745; 2006, cc. 787, 892.