Virginia § 24.2-947.4:1 - Loans to candidate campaign committees; prohibited interest payments; civil penalty
Full text of Virginia Code of Virginia § 24.2-947.4:1 — Loans to candidate campaign committees; prohibited interest payments; civil penalty, with citation guidance and answers to common questions.
§ 24.2-947.4:1. Loans to candidate campaign committees; prohibited interest payments; civil penalty
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.
2012, c. 163.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 24.2-947.4:1
What does Code of Virginia § 24.2-947.4:1 cover?
Section 24.2-947.4:1 ("Loans to candidate campaign committees; prohibited interest payments; civil penalty") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 24.2-947.4:1?
A common citation format is "Code of Virginia § 24.2-947.4:1" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 24.2-947.4:1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.