Plain English Breakdown
Checked against official source text during the last sync.
Campaign Finance Audit Increase
This bill changes the percentage of general assembly candidates and their committees selected for audits by the registry of election finance from 4% to 5%
What This Bill Does
- Changes the law so that 5 percent of all general assembly candidates are chosen for audits instead of 4 percent.
- Updates Tennessee Code Annotated, Title 2; Title 3 and Title 8, which deal with public office rules.
Who It Names or Affects
- General assembly candidates and their committees
- Registry of Election Finance
Terms To Know
- Audit
- A careful examination of financial records or accounts to check for accuracy and compliance with laws.
- Registry of Election Finance
- An organization that oversees the financial aspects of elections, including campaign finance rules.
Limits and Unknowns
- The bill does not specify how or when these audits will be conducted.
- It is unclear what changes this might bring to election spending transparency and accountability.