24.2-947.3 - Campaign committee treasurer requirements and responsibilities.
§ 24.2-947.3. Campaign committee treasurer requirements and responsibilities.
A. Upon meeting any of the requirements of subsection A of § 24.2-947.1, thecandidate shall appoint a single campaign treasurer who shall be a registeredvoter in Virginia. Every treasurer so appointed shall accept the appointment,in writing on the statement of organization, prior to the filing thereof. Noindividual shall act as treasurer unless the required statement ofappointment has been filed. The same person may serve as campaign treasurerfor more than one candidate.
B. In the event of the death, resignation, removal, or change of thetreasurer, the candidate shall designate a successor and file the name andaddress of the successor within 10 days of the change with the State Board,local electoral board, or both, as provided in subsection B of § 24.2-947.1.
C. Any candidate who fails to appoint a treasurer or successor treasurershall be deemed to have appointed himself treasurer and shall comply as suchwith the provisions of this chapter.
D. All contributions and expenditures received or made by any candidate, orreceived or made on his behalf or in relation to his candidacy by any person,except independent expenditures, shall be paid over or delivered to thecandidate's treasurer or shall be reported to the treasurer in such detailand form as to allow him to comply fully with this chapter. An independentexpenditure shall be reported pursuant to § 24.2-945.2 in lieu of beingreported to the candidate's treasurer.
E. The candidate or his treasurer shall keep detailed and accurate accountsof all contributions turned over to and expenditures made by the candidate orhis treasurer on behalf of the candidate or his campaign committee, orreported to any candidate or his treasurer pursuant to this article. Suchaccount shall set forth the date of the contribution or expenditure, itsamount or value, the name and address of the person or committee making thecontribution or to whom the expenditure was made, and the object or purposeof the contribution or expenditure. Such books and records may be destroyedor discarded at any time after (i) one year from the date of filing the finalreport required by § 24.2-948.4 or (ii) three years after the December 31immediately following the election, whichever last occurs, unless a court ofcompetent jurisdiction shall order their retention for a longer period.
F. It shall be unlawful for any candidate, his treasurer, or any personreceiving contributions or making expenditures on a candidate's behalf or inrelation to his candidacy, to fail to report every contribution andexpenditure as required by this article.
(1970, c. 462, §§ 24.1-253, 24.1-254, 24.1-255, 24.2-256; 1971, Ex. Sess., c.222; 1972, cc. 620, 622; 1975, c. 515; 1978, c. 778; 1981, c. 425; 1983, c.119; 1984, c. 480; 1988, c. 616; 1990, c. 976; 1991, c. 9; 1993, cc. 641,776, 921, §§ 24.2-904, 24.2-906, 24.2-907; 1996, c. 405; 2003, c. 248; 2004,cc. 441, 480; 2006, cc. 787, 892.)