Claim: In 2008, Folwell sought the Democratic nomination for state treasurer, and never dropped out of the race; then in December 2011, he announced that he would not seek election to a fifth term in the North Carolina state House.
Evidence: In 2008, Folwell sought the Republican nomination for state treasurer, but dropped out of the race (the nomination was ultimately run by Bill Daughtridge, who lost to Janet Cowell).