The bill amends and reenacts section 3-8-4a of the Code of West Virginia, 1931, focusing on the termination of political committees. It allows a political committee to terminate by submitting a written request, confirming that it will not receive contributions or make disbursements and has no outstanding debts. Additionally, any excess funds can be transferred to another political committee established by the same candidate.
The legislation also removes outdated provisions related to political committees that were terminated within three years of the amendments made during the 2002 regular session of the Legislature. It clarifies that the Secretary of State, in consultation with the State Election Commission, retains the authority to establish procedures for determining insolvency, liquidating insolvent political committees, and their subsequent termination.
Statutes affected: Introduced Version: 3-8-4a
Enrolled Version: 3-8-4a