CHAPTER 525
An Act to amend and reenact § 24.2-949.6 of the Code of
Virginia, relating to campaign finance filings by political action committees.
[H 946]
Approved April 4, 2012
Be it enacted by the General Assembly of Virginia:
1. That § 24.2-949.6 of the Code of Virginia is
amended and reenacted as follows:
§ 24.2-949.6. Filing schedule for political action
committees.
A. Political action committees shall file the prescribed
campaign finance reports with the State Board in accordance with the applicable
provisions of this section. The first filed report shall be complete for the
entire period from the time the committee was organized or contributions were
received.
B. The reporting requirements shall continue in effect for
each committee until a final report is filed.
C. Political action committees shall file the prescribed
campaign finance reports as follows:
1. Not later than April 15 complete from the preceding report
through March 31;
2. Not later than July 15 complete from the preceding report
through June 30;
3. Not later than October 15 complete from the preceding
report through September 30; and
4. Not later than January 15 complete from the preceding
report through December 31, and then continuing in accordance with this
subsection until a final report is filed.
D. A political action committee that files its statement of
organization on or after October 1 August 15 and before
the November election day in any odd-numbered year shall file with its
statement of organization a campaign finance report as provided in § 24.2-949.5
for that year, complete through the date that it files its statement of
organization, and if such political action committee files its statement of
organization before September 30, such political action committee shall file
its next campaign finance report in accordance with subdivision C 3. After that
date September 30, or after the date a political action committee has
filed its statement of organization if the political action committee has filed
its statement of organization on or after October 1, and until the November
election day, the political action committee shall report any single
contribution of $500 or more to the State Board in writing or electronically
pursuant to § 24.2-946.1, and the report shall be received by the State
Board by 5:00 p.m. on the following day, or for a contribution received on a
Saturday, by 5:00 p.m. on the following Monday. However, any such contribution
received within the 24 hours prior to the election day shall be reported and a
report thereof received on the day prior to the election. Any activity reported
pursuant to this subsection shall also be reported on the report required to be
filed for activity through December 31.
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