The bill amends section 3-8-4a of the Code of West Virginia, 1931, to update the regulations surrounding the termination of political committees. It specifically removes outdated provisions that pertain to political committees that were terminated within three years of the amendments made during the 2002 legislative session. The new language clarifies the process for a political committee to terminate by requiring a written request that states the committee will no longer receive contributions or make disbursements and has no outstanding debts or obligations.

Additionally, the bill maintains the authority of the Secretary of State, in consultation with the State Election Commission, to establish procedures for determining insolvency, liquidating insolvent political committees, and terminating them after the liquidation process. This ensures that there are clear guidelines for handling political committees that may face financial difficulties, while also streamlining the termination process for those that are no longer active. The bill is set to take effect 90 days after its passage.

Statutes affected:
Introduced Version: 3-8-4a
Enrolled Version: 3-8-4a