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Virginia Leadership Institute Political Fundraising

Virginia Leadership Institute Political Fundraising. Virginia Campaign Finance Law Kedric L. Payne November 7, 2009. Establishing A Candidate Committee. Statement of Organization. A candidate must file a Statement of Organization within 10 days of: Receiving any campaign contributions

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Virginia Leadership Institute Political Fundraising

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  1. Virginia Leadership InstitutePolitical Fundraising Virginia Campaign Finance Law Kedric L. Payne November 7, 2009

  2. Establishing A Candidate Committee

  3. Statement of Organization • A candidate must file a Statement of Organization within 10 days of: • Receiving any campaign contributions • Spending any money on the campaign; or • Filing a certificate of candidate qualification or declaration of candidacy form

  4. Requirements for Candidate Committee • Committee must have bank account that is located in Virginia. • Bank will typically require Committee to have tax ID (EIN). • Committee must have a treasurer who is a registered voter in Virginia

  5. Filing Statement of Organization • Statement of Organization is filed with different entities depending on the office sought • Statewide Candidate – File with State BOE • General Assembly – File with State BOE and City or County of Residence • Local Office – File with City or County of Residence

  6. Soliciting Contributions

  7. Contribution Limits • VA law does not limit the amount of contributions a candidate may receive • May receive contributions from an individual, corporation, union, association, or partnership • Prohibited Donors: foreign nationals and foreign corporations

  8. Donor Information • Contributions exceeding $100/election from a donor must be itemized •  The following information should be collected for each donor: • Name • Address • Occupation, Employer, Location • If contributor is a political committee, type of committee and location • Date contribution received • Amount of contribution • Contributor’s total contributions to Date • Solicitation form

  9. Filing Periodic Reports

  10. Filing Periodic Reports • Content of Report • Receipts (Contributions, Rebates, Refunds, Interest, Loans) • Disbursements (Expenditures, Loans, Surplus Funds) • Outstanding Debts • Report Due Date • Due dates vary based on the date of the election

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