HB1089: Campaign Finance Disclosure Act; State Board of Elections to review reports of certain candidates.

Chief Patron

Del. Jim Scott (D-53)

Jim Scott (D-53)
Merrifield, VA
Served: 1992–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

02/08/2006: assigned to subcommittee

View Entire History

Summary

Campaign Finance Disclosure Act; record retention requirements and reviews of campaign finance disclosure reports.  Provides that (i) the State Board of Elections shall review the campaign finance reports of candidates for Governor, Lieutenant Governor, Attorney General, and 10% of the candidates for the General Assembly selected at random; (ii) the review shall be for the purposes of (a) reconciling the balance in the campaign depository with the amounts reported in the candidate’s reports of receipts and expenditures and (b) reviewing the reports for mathematical accuracy and completeness, including the reporting of specific information required by law; (iii) the Board shall meet publicly to select by a random drawing the General Assembly candidate campaigns to review; (iv) a campaign committee shall be exempt from review if it has received less than $25,000 in contributions; and (v) the campaign treasurer shall retain, and provide on request by the Board, the bank statements and copies of checks issued on campaign depositories and receipts for campaign fund expenditures greater than $500. The bill will take effect January 1, 2007.   View Full Text »