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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>356087</law_id><section_number>24.2-947.4:1</section_number><catch_line>Loans to candidate campaign committees; prohibited interest payments; civil penalty</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="64" identifier="24.2">Elections</unit><unit label="chapter" level="2" order_by="13" identifier="9.3">Campaign Finance Disclosure Act of 2006</unit><unit label="article" level="3" order_by="3" identifier="3">Candidates and Their Campaign Committees</unit></structure><text>
						<section><p>This section shall apply to any loan made to a <span class="dictionary">candidate</span> campaign committee by the <span class="dictionary">candidate</span> or by a member of his immediate family as that term is defined in &#xA7;&#xA0;<a class="law" title="Definitions" href="/30-101/">30-101</a>. There shall be no interest paid to the <span class="dictionary">candidate</span> or his immediate family member by the <span class="dictionary">candidate</span> campaign committee on the amount of the loan, and the committee shall repay no more than the face value of the loan.</p><p>Any person who accepts or makes an interest payment in violation of this section shall be subject to a civil <span class="dictionary">penalty</span> 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 <span class="dictionary">penalty</span> provided herein. Any civil penalties collected shall be payable to the State Treasurer for deposit to the general fund.</p></section></text><history>2012, c. 163.</history><metadata></metadata></law>
