                                 CODE OF VIRGINIA

LOANS TO CANDIDATE CAMPAIGN COMMITTEES; PROHIBITED INTEREST PAYMENTS; CIVIL
PENALTY (§ 24.2-947.4:1)

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.

HISTORY: 2012, c. 163.