2023 Tennessee Code › Title 2 - ELECTIONS (§§ 2-1-101 — 2-20-109) › Chapter 10 - CAMPAIGN FINANCES (§§ 2-10-101 — 2-10-406) › Part 1 - FINANCIAL DISCLOSURE (§§ 2-10-101 — 2-10-133) › Section 2-10-107 - Content of statements - Closing out accounts - Reporting of in-kind contributions

(a)
A statement filed under §
2-10-105
or §
2-10-106
shall consist of either:
(1)
A statement that neither the contributions received nor the expenditures made during the period for which the statement is submitted exceeded one thousand dollars ($1,000). Any statement filed pursuant to §
2-10-106
shall indicate whether an unexpended balance of contributions, continuing debts and obligations or an expenditure deficit exists; or
(2)
(A)
(i)
A statement setting forth, under contributions, a list of all the contributions received, including the full name, complete address, occupation, and employer of each person who contributed a total amount of more than one hundred dollars ($100) during the period for which the statement is submitted, and the amount contributed by that person;
(ii)
When a candidate or the treasurer of a political campaign committee shows that best efforts have been used to obtain, maintain and submit the complete address, occupation, and employer required for contributors, the statement shall be considered in compliance with this subdivision (a)(2)(A). "Best efforts" includes notifying the contributor by first class mail that further information concerning such contributor is required under state law, or by including on a written solicitation for contributions a clear request for the contributor's name, address, occupation and employer and by accurately stating that such information is required under state law for all persons contributing more than one hundred dollars ($100). Further definitions and guidelines, if any, for what is also considered "best efforts" shall be set by rule promulgated pursuant to §
4-55-103(1)
;
(iii)
The statement of each candidate shall include the date of the receipt of each contribution and the statement of a political campaign committee shall include the date of each expenditure that is a contribution to a candidate. "Date of the receipt", as used in this subdivision (a)(2)(A)(iii), means the date when the contribution was received by the candidate, candidate's committee, or treasurer. The statement shall list as a single item the total amount of contributions of one hundred dollars ($100) or less; and
(B)
A statement setting forth, under expenditures, a list of all expenditures made, including the full name and address of each person to whom an expenditure was paid during the period for which the statement is submitted, the total amount paid to that person, and the purpose of the payment which shall clearly identify that it is an allowable expenditure under §
2-10-114
. The words "reimbursement", "credit card purchase", "other" and "campaign expense" shall not be considered acceptable descriptions for "purpose". Any purchase made with a credit card shall also be disclosed as a payment to the vendor providing the item or service. Credit card payments to separate vendors shall be disclosed as separate expenditures. The statement must list the expenditures by category and amount.
(b)
When any candidate or political campaign committee desires to close out a campaign account, it may file a statement to such effect at any time; provided, that the statement shall on its face show no unexpended balance, continuing debts or obligations or deficit.
(c)
(1)
When filing a statement under §
2-10-105
or §
2-10-106
, a contribution, as defined in §
2-10-102
, for which no monetary consideration is paid or promised, referred to as an in-kind contribution in this part, shall be listed separately in the disclosure statement and excluded from the lists of contributions and expenditures. The in-kind contribution list shall include:
(A)
In-kind contributions of a value of one hundred dollars ($100) or less may be listed as a single item; and
(B)
(i)
In-kind contributions of a value of more than one hundred dollars ($100) during the period for which the statement is submitted, and for each such contribution, the category of the contribution, the name, address, occupation and employer of each person who contributed it;
(ii)
When a candidate or the treasurer of a political campaign committee shows that best efforts have been used to obtain, maintain and submit the complete address, occupation, and employer required for contributors, the statement shall be considered in compliance with this subdivision (c)(1)(B). "Best efforts" includes notifying the contributor by first class mail that further information concerning such contributor is required under state law, or by including on a written solicitation for contributions a clear request for the contributor's name, address, occupation and employer and by accurately stating such information is required under state law for all persons contributing more than one hundred dollars ($100). Further definitions and guidelines, if any, for what is also considered "best efforts" shall be set by rule promulgated pursuant to §
4-55-103(1)
;
(iii)
The statement of each candidate shall include the date of the receipt of each in-kind contribution and the statement of a political campaign committee shall include the date of each expenditure that is an in-kind contribution to a candidate.
(2)
Within ninety (90) days of February 15, 2006, by rule promulgated in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, the registry of election finance shall enumerate a nonexclusive listing of examples of the various categories of contributions that constitute "in-kind contributions" requiring disclosure. Upon promulgating such rule, the registry shall provide a copy of such rule to each member of the general assembly and each qualified candidate for state office. Any changes or revisions to the rules shall be promulgated pursuant to §
4-55-103(1)
.
(d)
An in-kind contribution is deemed to be made and shall be reportable in the period when such contribution is made or performed and not when the cost is billed or paid. The actual cost of the in-kind contribution, if known, shall be reported in the period such contribution is made or performed. If the actual cost of the in-kind contribution is not known, an estimate of the cost shall be reported in the period such contribution is made or performed, and the report shall indicate that the amount reported is estimated. If the actual cost, as indicated on the bill, is different from the amount reported, such amount shall be amended or adjusted on a later report covering the period in which payment is made.
(e)
A statement filed under §
2-10-105
or §
2-10-106
shall also list any unexpended balance, any deficit and any continuing financial obligations of the candidate, campaign or committee.
(f)
Payments to a person as reimbursement for expenditures made by the person on behalf of the candidate or committee shall be disclosed as payments to the vendor who provided the item or service to the candidate or committee, not the person who is reimbursed.
(g)
Notwithstanding this section to the contrary, a candidate's statement may only have up to two thousand dollars ($2,000) of unitemized contributions. Once the two-thousand-dollar amount has been reached for a statement period, any contribution received thereafter must be itemized as provided in subdivision (a)(2)(A) regardless of amount.
Amended by 2022 Tenn. Acts, ch. 1087, s 8, eff. 1/16/2023.
Amended by 2022 Tenn. Acts, ch. 1087, s 7, eff. 1/16/2023.
Acts 1980, ch. 861, § 8; 1984, ch. 683, § 6; 1986, ch. 780, § 2; 1989, ch. 585, §§ 15, 33; 1990, ch. 943, § 3; 1991, ch. 519, §§ 5, 6; 1995, ch. 531, §§ 14, 15; 1997 , ch. 410, §§ 3, 4; 2006 (1st Ex. Sess.), ch. 1, § 4; 2009 , ch. 556, §§ 2-4.