Virginia § 24.2-947.4:1 Loans to candidate campaign committees; prohibited interest payments; civil penalty

Virginia Statutes

§ 24.2-947.4:1 — Loans to candidate campaign committees; prohibited interest payments; civil penalty

Virginia § 24.2-947.4:1

Title 24.2ELECTIONS

Ch. 9.3CAMPAIGN FINANCE DISCLOSURE ACT OF 2006

Art. 3CANDIDATES AND THEIR CAMPAIGN COMMITTEES

This text of Virginia § 24.2-947.4:1 (Loans to candidate campaign committees; prohibited interest payments; civil penalty) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 24.2-947.4:1 (2026).

Text

This section shall apply to any loan made to a candidate campaign committee by the candidate or by a member of his immediate family as that term is defined in § 30-101. There shall be no interest paid to the candidate or his immediate family member by the candidate campaign committee on the amount of the loan, and the committee shall repay no more than the face value of the loan.

Any person who accepts or makes an interest payment in violation of this section shall be subject to a civil penalty equal to the amount of the prohibited interest payment or $500, whichever amount is greater. The attorney for the Commonwealth shall initiate civil proceedings to enforce the civil penalty provided herein. Any civil penalties collected shall be payable to the State Treasurer for deposit to the gene

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This section shall apply to any loan made to a candidate campaign committee by the candidate or by a member of his immediate family as that term is defined in § 30-101. There shall be no interest paid to the candidate or his immediate family member by the candidate campaign committee on the amount of the loan, and the committee shall repay no more than the face value of the loan.

Any person who accepts or makes an interest payment in violation of this section shall be subject to a civil penalty equal to the amount of the prohibited interest payment or $500, whichever amount is greater. The attorney for the Commonwealth shall initiate civil proceedings to enforce the civil penalty provided herein. Any civil penalties collected shall be payable to the State Treasurer for deposit to the general fund.