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 a party headquarters committee can accept 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 clarifies the definitions of "contribution," "party headquarters," and "party headquarters committee," ensuring that these terms encompass various forms of financial support for the establishment and maintenance of party headquarters.

Furthermore, the bill outlines the reporting requirements for party headquarters committees, mandating that they file verified financial statements with the Secretary of State within 90 days of any contributions or expenditures exceeding $250. These statements must include detailed information about contributions, loans, and expenditures, and the Secretary of State is required to retain these records as public documents for at least six years. The bill also allows contributions received by party headquarters committees to be donated to educational, cultural, or charitable organizations, and it directs the Secretary of State to propose rules for legislative approval to implement these provisions.

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