HB1490 - Tennessee: Election Laws, General Assembly, Governor, Local Government, General

Election Laws - Enacts the "Voter-Owned Elections Act of 2007"; specifies that all gubernatorial, general assembly, and local elections will be publicly financed. - Amends TCA Title 2, Chapter 10. Fiscal Summary for *HB1490Increase State Expenditures: Registry of Election Finance - Exceeds $400,000 One-Time Exceeds $1,000,000 Recurring Tennessee Democracy Fund - Exceeds $20,000,000 Bill Summary for *HB1490 This bill creates a voluntary system for public funding of political campaigns for the general assembly, governor, and local offices. The public funding would be available to candidates for the general assembly and local offices beginning in 2008 and to candidates for governor beginning in 2010. This bill creates a special, dedicated fund, "The Tennessee Democracy Fund," to be administered by the registry of election finance. The fund will include money from unspent fund revenues from participating candidates,[...]

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