Friday, September 5, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB735: Campaign finance disclosure; requirement to close certain candidate campaign accounts.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 24.2-905.2 as follows:
§ 24.2-905.2. Requirement to close certain candidate campaign accounts.
A. The provisions of this section apply to the candidate campaign committee of any person holding an elective office who is a candidate for a second elected office and the election for each office is subject to the provisions of this chapter.
B. Before becoming a candidate for a second elected office, the candidate shall either (i) file a final report for his candidate committee for the elected office that he holds and close the accounts for that candidate committee or (ii) cease all activity in those candidate committee accounts except to retire any outstanding debt incurred prior to his becoming a candidate for a second elected office and to receive contributions to retire that outstanding debt.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.