Virginia SB 368

Campaign finance; contribution limits and public campaign financing; counties and cities may establish for certain offices. Authorizes the governing body of a county or city to establish by ordinance limits on contributions to candidates for elected local offices and a system of public campaign financing for elected local offices. The bill specifies certain requirements for a system of public campaign financing established by a governing body, including the provision of the necessary funding and staff for such system and the provision of a public election fund to be administered by the treasurer of the county or city. A system of public campaign financing established under the provisions of the bill by a county or city is permitted to more stringently regulate the campaign finance activity of participating candidates and shall be subject to regulation and oversight by the State Board of Elections to ensure its conformity with state law and policy to the extent practicable.