This bill aims to amend the Code of West Virginia by introducing limits on total candidate expenditures and disbursements, specifically capping them at the approximate salary payable for the office the candidate is seeking. The proposed changes include new provisions in sections 3-8-5 and 3-8-5a, which require candidates and political committees to ensure that their total expenditures do not exceed the salary associated with the office they are contesting. The bill emphasizes the importance of maintaining detailed financial records and reporting, reinforcing accountability in campaign financing.

In addition to the expenditure limits, the bill also mandates that candidates and political committees file detailed, itemized sworn financial statements that reflect their contributions and expenditures. The new language inserted into the existing law specifies that the total expenditure and disbursement amounts must not exceed the salary for the office sought, thereby establishing a clear financial boundary for candidates. This legislative change is intended to promote transparency and fairness in the electoral process by preventing excessive spending in campaigns.

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