HB 5554
To modify the building fund for state parties.
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the rules governing the building fund for state political parties in West Virginia. It increases the limits on contributions that can be made to a party’s headquarters for purposes like renting, purchasing, or building an office space, as well as for utilities and equipment. The bill also establishes reporting requirements for contributions and expenditures, including detailed financial statements to be filed with the Secretary of State.
Key provisions
- Increases contribution limits to a political party’s headquarters to $10,000 per person annually.
- Sets a total annual contribution limit of $50,000 for any individual to a party headquarters committee.
- Limits expenditures for party headquarters construction or leasing to a maximum of $1 million.
- Requires party headquarters committees to file verified financial statements with the Secretary of State.
- Financial statements must include details of contributions, expenditures, loans, and individuals involved.
- Contributions can be donated to educational, cultural, or charitable organizations.
- Defines ‘Contribution’ broadly, including various forms of support.
- Specifies that contributions cannot be used for satellite offices or related facilities.
Who is affected
- Political parties in West Virginia
- County executive committees of political parties
- Donors to political parties
- The Secretary of State’s office
- State government (through the need for record-keeping)
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