SB463:

Campaign finance; prohibited personal use of campaign funds, complaints, hearings, civil penalty.

Bill Summary:

Campaign finance; prohibited personal use of campaign funds, complaints, hearings, civil penalty. Prohibits any person from converting contributions to a candidate or a candidate's campaign committee for his personal use. Current law only prohibits such conversion of contributions with regard to disbursement of surplus funds at the dissolution of a campaign or political committee. The bill provides that a contribution is considered to have been converted to personal use if the contribution, in whole or in part, is used to fulfill any commitment, obligation, or expense that would exist irrespective of the person's seeking, holding, or maintaining public office but excepts from "personal use" the ordinary and accepted expenses related to campaigning for or holding elective office, including the use of campaign funds to pay for the candidate's child care expenses that are incurred as a direct result of campaign activity. Any person subject to the personal use ban may request an advisory opinion from the State Board of Elections on such matters. The bill directs the State Board of Elections to provide an updated summary of Virginia campaign finance law that reflects the Attorney General's opinion and any regulations promulgated by the State Board of Elections.