This bill amends section 3-8-2c of the Code of West Virginia to increase the contribution limits for political party headquarters committees. Specifically, it raises the maximum contributions that can be accepted from any individual from $10,000 to $50,000 annually. Additionally, the bill stipulates that contributions received for the purpose of funding a state executive committee headquarters or a county executive committee headquarters cannot exceed $1 million.

The bill also outlines the definitions of key terms such as "contribution," "party headquarters," and "party headquarters committee," and establishes the reporting requirements for financial statements that must be filed with the Secretary of State. These statements must detail contributions and expenditures exceeding $250 and will be retained as public records for at least six years. Furthermore, it allows contributions received by a party headquarters committee to be donated to educational, cultural, or charitable organizations.

Statutes affected:
Introduced Version: 3-8-2c