Saturday, November 22, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB231: Campaign finance disclosure; valuation of certain campaign contributions.
Be it enacted by the General Assembly of Virginia:
1. That § 24.2-902 of the Code of Virginia is amended and reenacted as follows:
§ 24.2-902. Services and things of value.
In determining the value of services or things of value for the reporting purposes of this chapter, a reasonable value shall be designated therefor and the basis for arriving at such designated value shall be stated in all reports. Services shall not be deemed to include personal services voluntarily rendered for which no compensation is asked or given. In the case of in-kind contributions benefiting multiple candidates, the value of the in-kind contribution shall be divided equally among all benefiting candidates. However, the maker of the contribution may apportion the value of the contribution among the benefiting candidates on an objective basis that accounts for 100% of the value of the contribution, is stated in all pertinent reports, and is documented in his records.
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.