States of Disclosure

Published — June 25, 2009

Virginia: Legislative financial disclosure ranking

Introduction

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Virginia

Rank: 31 | Points: 59.5 | Grade: F

Secretary of the Commonwealth

Question Answer Points Notes
Requires financial disclosure filing? Yes 1
Requires complete financial disclosure filing (no update)? Yes 1
Requires financial disclosure filing annually? Yes 1
Requires complete financial disclosure filing for candidates? Yes 1
Employment information required? Yes 5
Employment information not narrowly defined? No 0 Filers not required to report sources of income
unless they earn $10,000 or more; not required to report positions with state
or local government or advisory agencies.
Employer/business name required? Yes 5
Employment job title required? No 0
Employer description required? No 0
Value range/income amount required? No 0 Filers not required to report income range for
employment. However, filers are required to report income on personal
investments, accounted for in a separate survey section.
Spouse employment information required and clear? Required and Not Clear 2.5 Half points awarded because filers required to
report spouse employment, but spouse is not clearly indicated.
Officer/director information required? Yes 4
Officer/director information not narrowly defined? No 0 Filers not required to report uncompensated
directorships.
Officer/director entity name required? Yes 4
Officer/director entity description required? No 0
Spouse officer/director information required and clear? Required and Not Clear 2 Half points awarded because filers required to
report spouse directorship, but spouse is not clearly indicated.
Investment information required? Yes 3
Investment information not narrowly defined? No 0 Filers not required to report investments unless own more than $10,000.
Investment entity name required? Yes 3
Investment entity description required? Yes 2
Investment value range/holding amount required? Yes 3
Spouse investment information required and clear? Required and Not Clear 1.5 Half points awarded because filers required to report spouse investment,
but spouse is not clearly indicated.
Client information required? Yes 2 Filers required to report clients represented before state agencies.
Filers also required to report real estate contracts with government
agencies, which does not factor into points for this question.
Client name required? Yes 2
Client value range/income amount required? Yes 2
Spouse client information required and clear? Required and Not Clear 1 Half points awarded because filers required to report spouse client, but
spouse is not clearly indicated.
Real-property information required? Yes 2
Real-property information not narrowly defined? Yes 2
Real-property value range/amount required? No 0
Spouse real-property information required and clear? Yes 2
Spouse name required? Yes 2
Dependent name required? Yes 1
Financial disclosure filings in central office? No 0
Lawmakers not forwarded reviewer information? No 0
In-person appearance not required to obtain filings? Yes 1
Copy fees less than 50 cents per page? No 0
Blank disclosure form available on Web? Yes 0.5 Half point awarded because blank form not available on chambers Web
sites (where filings are overseen), but is on State Elections Department Web
site.
Disclosure filings available electronically or on the Web in any format? No 0
Late-filing penalties on the books? No 0
Misfiling penalties on the books? Yes 1
State has auditing authority? Yes 1
State routinely reviews filings for accuracy and completeness either
through formal audit process or informal review process?
Yes 1
State published list of delinquent filers on Web or in printed document? No 0

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