§ 24.2-949 Political action committee election cycle
The political action committee’s election cycle shall be deemed to begin on January 1 and continue through December 31 of each calendar year.
1. Definition for Political action committee
Any organization, person, or group of persons, established or maintained to receive and expend contributions for the primary purpose of expressly advocating the election or defeat of a clearly identified candidate. The term shall not include a campaign committee, federal political action committee, out-of-state political committee, political party committee, referendum committee, or inaugural committee.
2. Definition for Election
A general, primary, or special election.
Summary of Laws and Policies for Political Action Committees https://perma.cc/2NXS-KQK2