{"law_id":"774574","section_number":"24.2-952.2","catch_line":"Inaugural committee treasurer requirements and responsibilities","history":"1991, cc. 474, 709, \u00a7 24.1-254.3; 1993, c. 641, \u00a7 24.2-913; 2006, cc. 787, 892.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/24.2-952.2\/","refers_to":[{"id":"782465","section_number":"24.2-945.2","catch_line":"Persons required to file independent expenditure disclosure reports; filing deadline","url":"\/24.2-945.2\/"},{"id":"776114","section_number":"24.2-952.7","catch_line":"Final report requirement; disbursement of surplus funds","url":"\/24.2-952.7\/"}],"url":"\/24.2-952.2\/","token":"24.2\/9.3\/7\/24.2-952.2","structure":{"1":{"id":"2957","name":"Inaugural Committees","identifier":"7","label":"article","url":"\/24.2\/9.3\/7\/"},"2":{"id":"387","name":"Campaign Finance Disclosure Act Of 2006","identifier":"9.3","label":"chapter","url":"\/24.2\/9.3\/"},"3":{"id":"4","name":"Elections","identifier":"24.2","label":"title","url":"\/24.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"774574","structure_id":"2957","full_text":"A The treasurer shall keep detailed and accurate accounts of all contributions turned over to and expenditures made by the committee, the treasurer, or other officer on behalf of the inaugural committee, or reported to the treasurer pursuant to this article. Such account shall set forth the date of the contribution or expenditure, its amount or value, the name and address of the person or committee making the contribution or to whom the expenditure was made, and the object or purpose of the contribution or expenditure.Such books and records may be destroyed or discarded at any time after (i) one year from the date of filing the final report required by \u00a7 24.2-952.7 or (ii) a period of three years, whichever first occurs, unless a court of competent jurisdiction shall order their retention for a longer period.\r\rB All contributions and expenditures received or made by any inaugural committee, or received or made on its behalf or in relation to the committee by any person, except independent expenditures, shall be paid over or delivered to the inaugural committee’s treasurer or shall be reported to the treasurer in such detail and form as to allow him to comply fully with this article. An independent expenditure shall be reported pursuant to \u00a7 24.2-945.2 in lieu of being reported to the inaugural committee’s treasurer.\r\rC It shall be unlawful for any inaugural committee, its treasurer, or any person receiving contributions or making expenditures on the committee’s behalf or in relation to the committee, to fail to report every contribution and expenditure as required by this article.\r\rD No inaugural committee treasurer or other individual shall pay any expense on behalf of the committee, directly or indirectly, except by a check drawn on such designated depository identifying the name of the inaugural committee. However, a treasurer or other authorized officer of the inaugural committee may be reimbursed, by a check drawn on the designated depository, for the payment of expenses (i) paid by him by check, cash, or credit or debit card, (ii) made on behalf of the committee, and (iii) fully documented by complete records of the expenditure, maintained as required by this article, and including receipts identifying the nature of the expenses and the names and addresses of each person paid by the recipient of the reimbursement.\r\rE A treasurer of an inaugural committee (a) may establish a petty cash fund to be utilized for the purpose of making expenditures or reimbursing verified credit card expenditures of less than $ 200 if complete records of such expenditures are maintained as required by this chapter and (b) may transfer funds from the designated campaign depository to an account or instrument to earn interest on the funds so long as the transferred funds and earned interest are returned to the designated depository account, complete records are maintained, and all expenditures are made through the designated depository account.\r\r","text":{"0":{"id":"2497616","text":"The treasurer shall keep detailed and accurate accounts of all contributions turned over to and expenditures made by the committee, the treasurer, or other officer on behalf of the inaugural committee, or reported to the treasurer pursuant to this article. Such account shall set forth the date of the contribution or expenditure, its amount or value, the name and address of the person or committee making the contribution or to whom the expenditure was made, and the object or purpose of the contribution or expenditure.Such books and records may be destroyed or discarded at any time after (i) one year from the date of filing the final report required by \u00a7 24.2-952.7 or (ii) a period of three years, whichever first occurs, unless a court of competent jurisdiction shall order their retention for a longer period.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2497617","text":"All contributions and expenditures received or made by any inaugural committee, or received or made on its behalf or in relation to the committee by any person, except independent expenditures, shall be paid over or delivered to the inaugural committee’s treasurer or shall be reported to the treasurer in such detail and form as to allow him to comply fully with this article. An independent expenditure shall be reported pursuant to \u00a7 24.2-945.2 in lieu of being reported to the inaugural committee’s treasurer.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"2":{"id":"2497618","text":"It shall be unlawful for any inaugural committee, its treasurer, or any person receiving contributions or making expenditures on the committee’s behalf or in relation to the committee, to fail to report every contribution and expenditure as required by this article.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1},"3":{"id":"2497619","text":"No inaugural committee treasurer or other individual shall pay any expense on behalf of the committee, directly or indirectly, except by a check drawn on such designated depository identifying the name of the inaugural committee. However, a treasurer or other authorized officer of the inaugural committee may be reimbursed, by a check drawn on the designated depository, for the payment of expenses (i) paid by him by check, cash, or credit or debit card, (ii) made on behalf of the committee, and (iii) fully documented by complete records of the expenditure, maintained as required by this article, and including receipts identifying the nature of the expenses and the names and addresses of each person paid by the recipient of the reimbursement.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1},"4":{"id":"2497620","text":"A treasurer of an inaugural committee (a) may establish a petty cash fund to be utilized for the purpose of making expenditures or reimbursing verified credit card expenditures of less than $ 200 if complete records of such expenditures are maintained as required by this chapter and (b) may transfer funds from the designated campaign depository to an account or instrument to earn interest on the funds so long as the transferred funds and earned interest are returned to the designated depository account, complete records are maintained, and all expenditures are made through the designated depository account.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1}},"ancestry":{"1":{"id":"2957","name":"Inaugural Committees","identifier":"7","label":"article","url":"\/24.2\/9.3\/7\/"},"2":{"id":"387","name":"Campaign Finance Disclosure Act Of 2006","identifier":"9.3","label":"chapter","url":"\/24.2\/9.3\/"},"3":{"id":"4","name":"Elections","identifier":"24.2","label":"title","url":"\/24.2\/"}},"structure_contents":{"0":{"id":"773870","structure_id":"2957","section_number":"24.2-952","catch_line":"General provisions","url":"\/24.2-952\/","token":"24.2\/9.3\/7\/24.2-952"},"1":{"id":"794705","structure_id":"2957","section_number":"24.2-952.1","catch_line":"Statement of organization for an inaugural committee","url":"\/24.2-952.1\/","token":"24.2\/9.3\/7\/24.2-952.1"},"2":{"id":"774574","structure_id":"2957","section_number":"24.2-952.2","catch_line":"Inaugural committee treasurer requirements and responsibilities","url":"\/24.2-952.2\/","token":"24.2\/9.3\/7\/24.2-952.2"},"3":{"id":"777786","structure_id":"2957","section_number":"24.2-952.3","catch_line":"Information to be included on campaign finance reports for inaugural committees","url":"\/24.2-952.3\/","token":"24.2\/9.3\/7\/24.2-952.3"},"4":{"id":"777841","structure_id":"2957","section_number":"24.2-952.4","catch_line":"Filing schedule for inaugural committees","url":"\/24.2-952.4\/","token":"24.2\/9.3\/7\/24.2-952.4"},"5":{"id":"794399","structure_id":"2957","section_number":"24.2-952.5","catch_line":"Large dollar contribution reporting requirement for inaugural committees","url":"\/24.2-952.5\/","token":"24.2\/9.3\/7\/24.2-952.5"},"6":{"id":"772090","structure_id":"2957","section_number":"24.2-952.6","catch_line":"With whom inaugural committees file reports; electronic filing requirement","url":"\/24.2-952.6\/","token":"24.2\/9.3\/7\/24.2-952.6"},"7":{"id":"776114","structure_id":"2957","section_number":"24.2-952.7","catch_line":"Final report requirement; disbursement of surplus funds","url":"\/24.2-952.7\/","token":"24.2\/9.3\/7\/24.2-952.7"}},"previous_section":{"id":"794705","structure_id":"2957","section_number":"24.2-952.1","catch_line":"Statement of organization for an inaugural committee","url":"\/24.2-952.1\/","token":"24.2\/9.3\/7\/24.2-952.1"},"next_section":{"id":"777786","structure_id":"2957","section_number":"24.2-952.3","catch_line":"Information to be included on campaign finance reports for inaugural committees","url":"\/24.2-952.3\/","token":"24.2\/9.3\/7\/24.2-952.3"},"references":[{"id":"777786","section_number":"24.2-952.3","catch_line":"Information to be included on campaign finance reports for inaugural committees","url":"\/24.2-952.3\/"}],"formats":{"txt":"\/24.2-952.2.txt","json":"\/24.2-952.2.json","xml":"\/24.2-952.2.xml"},"dublin_core":{"Title":"Inaugural committee treasurer requirements and responsibilities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 24.2-952.2","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nINAUGURAL COMMITTEE TREASURER REQUIREMENTS AND RESPONSIBILITIES (\u00a7 24.2-952.2)\n\nA. The treasurer shall keep detailed and accurate accounts of all contributions\nturned over to and expenditures made by the committee, the treasurer, or other\nofficer on behalf of the inaugural committee, or reported to the treasurer\npursuant to this article. Such account shall set forth the date of the\ncontribution or expenditure, its amount or value, the name and address of the\nperson or committee making the contribution or to whom the expenditure was made,\nand the object or purpose of the contribution or expenditure.Such books and\nrecords may be destroyed or discarded at any time after (i) one year from the\ndate of filing the final report required by \u00a7 24.2-952.7 or (ii) a period of\nthree years, whichever first occurs, unless a court of competent jurisdiction\nshall order their retention for a longer period.\n\nB. All contributions and expenditures received or made by any inaugural\ncommittee, or received or made on its behalf or in relation to the committee by\nany person, except independent expenditures, shall be paid over or delivered to\nthe inaugural committee’s treasurer or shall be reported to the treasurer\nin such detail and form as to allow him to comply fully with this article. An\nindependent expenditure shall be reported pursuant to \u00a7 24.2-945.2 in lieu of\nbeing reported to the inaugural committee’s treasurer.\n\nC. It shall be unlawful for any inaugural committee, its treasurer, or any\nperson receiving contributions or making expenditures on the committee’s\nbehalf or in relation to the committee, to fail to report every contribution and\nexpenditure as required by this article.\n\nD. No inaugural committee treasurer or other individual shall pay any expense on\nbehalf of the committee, directly or indirectly, except by a check drawn on such\ndesignated depository identifying the name of the inaugural committee. However,\na treasurer or other authorized officer of the inaugural committee may be\nreimbursed, by a check drawn on the designated depository, for the payment of\nexpenses (i) paid by him by check, cash, or credit or debit card, (ii) made on\nbehalf of the committee, and (iii) fully documented by complete records of the\nexpenditure, maintained as required by this article, and including receipts\nidentifying the nature of the expenses and the names and addresses of each\nperson paid by the recipient of the reimbursement.\n\nE. A treasurer of an inaugural committee (a) may establish a petty cash fund to\nbe utilized for the purpose of making expenditures or reimbursing verified\ncredit card expenditures of less than $ 200 if complete records of such\nexpenditures are maintained as required by this chapter and (b) may transfer\nfunds from the designated campaign depository to an account or instrument to\nearn interest on the funds so long as the transferred funds and earned interest\nare returned to the designated depository account, complete records are\nmaintained, and all expenditures are made through the designated depository\naccount.\n\nHISTORY: 1991, cc. 474, 709, \u00a7 24.1-254.3; 1993, c. 641, \u00a7 24.2-913; 2006, cc.\n787, 892."}