Study; JLARC to study Virginia's campaign finance system; independent agency; report.

Study; JLARC to study Virginia's campaign finance system; independent agency; report. Directs the Joint Legislative Audit and Review Commission (JLARC) to study Virginias's campaign finance system. In its study, JLARC is directed to (i) identify any legal, technical, and staffing shortcomings in the current campaign finance and ethics systems relating to (a) reporting and investigating violations, (b) enforcing legal and regulatory requirements, and (c) implementing directions from state government at the local level and (ii) determine whether current budgetary allocations are sufficient to effectively carry out such aspects of the campaign finance and ethics systems. To that end, JLARC is required to analyze how existing campaign finance and ethics systems can be modernized by creating a new independent agency to increase transparency and accountability using best practices from other jurisdictions across the United States. JLARC is required to produce a report of clear recommendations and best practices for creating such an independent agency for improving the current system.