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Difference between revisions of "Campaign finance requirements for Virginia ballot measures"

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(Referendum Committee-PAC: -Edit citation to bill title Virginia Campaign Disclosure Act of 2006)
(Campaign advertising restrictions: add information and statutory reference)
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==Campaign advertising restrictions==
 
==Campaign advertising restrictions==
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There are no campaign advertisement or disclosure restrictions in Virginia as referendum committees are exempt from all political advertisement regulations<ref>[http://198.246.135.1/cgi-bin/legp504.exe?000+cod+24.2-951 "Virginia Legislature" ''Virginia Campaign Disclosure Act of 2006'' (Referenced Statute 24.2-951(B), Virginia Code)</ref>.
  
 
==Terminating a committee==
 
==Terminating a committee==

Revision as of 17:37, 26 January 2010

Campaign finance requirements for Virginia ballot measures are promulgated by the Virginia Board of Elections. The Virginia State Board of Elections is responsible for all administrative and reporting functions under the state's campaign finance laws.

General requirements

Referendum Committee-PAC

Virginia law designates any group in support or opposition of a referendum as a referendum committee, listed under the laws governing Political Action Committees (PAC's)[1].

Statement of Organization

Under Virginia law, any organization that has a 501c(3), c(4), or c(6) designation can register as a referendum committee if a statewide referendum campaign expects to spend $10,000 or more in expenditures for a statewide campaign, $5,000 for a county campaign defined as two or more municipalities, or $1,000 for a single municipality[2]. The Referendum Committee must file after they have a referendum qualified on the ballot within ten (10) days of qualifiying[3].

The $10,000 rule

Under Virginia law, all referendum committees must report contributions of $10,000 or more which must be reported in 72 hours[4]. This goes to contributions made one-time or reaching an aggregate total of $10,000[5].

Campaign finance requirements

Contribution limits

There are no limits on campaign contributions in the State of Virginia to referendum committees[6].

Corporate/labor union contributions

Corporations and labor unions are permitted to donate to referendum committees in Virginia[7].

Electronic filing

Under Virginia law, all referendum committees must file their campaign finance reports electronically if they have raised $10,000 or more or made more than $10,000 in expenditures[8].

Reporting requirements and reports

Campaign advertising restrictions

There are no campaign advertisement or disclosure restrictions in Virginia as referendum committees are exempt from all political advertisement regulations[9].

Terminating a committee

Under Virginia law, any Referendum committee that plans to terminate must not report new receipts of funds received or expenditures made, a retirement of all outstanding debts, and a disposition of how surplus funds must be spent[10].

Surplus funds can be used for returning of funds to contributors not exceeding the original amounts donated, donating the excess to any charity, to one or more registered political committees, or to defray unreimbursed expenses[11].

External links

References