This bill proposes amendments to sections 3-8-5 and 3-8-5a of the Code of West Virginia, 1931, aimed at regulating campaign finance by limiting total candidate expenditures and disbursements. Specifically, it introduces a provision stating that the total expenditures and disbursements made by candidates for state or local offices shall not exceed the approximate salary payable for the office they are seeking. This limitation is included in both the recordkeeping requirements and the financial statement information required from candidates and political committees.

In addition to the new expenditure limits, the bill maintains existing requirements for detailed recordkeeping and financial reporting for candidates and political committees. Candidates must keep records of all receipts and expenditures for political purposes for two years and file itemized sworn statements at specified intervals. The bill also emphasizes transparency in contributions and expenditures, ensuring that all financial activities are properly documented and reported, while reinforcing the prohibition against anonymous contributions. Overall, the bill seeks to enhance the integrity of the electoral process by imposing stricter financial controls on campaign spending.

Statutes affected:
Introduced Version: 3-8-5, 3-8-5a