To modify the building fund for state parties.

HB 5554 modifies funding rules for political party headquarters in West Virginia. It sets a $10,000 annual limit per donor for contributions to party headquarters committees and caps total funding at $1 million per party. The bill prohibits using these funds for satellite offices, political activities, or non-headquarters expenses. It also requires detailed financial reporting to the Secretary of State for contributions exceeding $250, including donor names and contribution amounts. This directly affects state and county political parties maintaining physical headquarters.