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2000 SESSION
006925824Be it enacted by the General Assembly of Virginia:
1. That § 24.2-905 of the Code of Virginia is amended and reenacted as follows:
§ 24.2-905. Campaign depositories; petty cash fund.
All funds and monetary contributions received by the candidate or his campaign
committee, as soon as practicable after receipt thereof, shall be deposited by
the treasurer in the designated campaign depository in an account properly
identifying the name of and the existence of the political candidacy. No
candidate, campaign treasurer, or other individual shall pay any expense on
behalf of a candidate, directly or indirectly, except by check from such
designated depository; however. However, a treasurer (i) may establish a petty
cash fund to be utilized for the purpose of making expenditures or reimbursing verified credit card expenditures
of less than one hundred dollars if complete records of such expenditures are maintained as required by this
chapter and (ii) may transfer funds from the designated campaign depository to
an account or instrument to earn interest on the funds so long as the transferred funds and
earned interest are returned to the designated depository account, complete
records are maintained, and all expenditures are made through the designated
depository account.