2-10-312 - Aggregate contribution limits Adjustments. - Tennessee Statutes

2-10-312. Aggregate contribution limits Adjustments.

(a)  No individual shall contribute more than one hundred one thousand four hundred dollars ($101,400) in the aggregate to all candidates, multicandidate political campaign committees, and political campaign committees controlled by a political party on the state or local level or by a caucus of such political party established by members of either house of the general assembly every two (2) years.

(b)  No more than forty thousand dollars ($40,000) of the amount in subsection (a) shall be contributed towards candidates and no more than sixty-one thousand four hundred dollars ($61,400) shall be contributed towards multicandidate political campaign committees and political campaign committees controlled by a political party on the state or local level or by a caucus of such political party established by members of either house of the general assembly.

(c)  The campaign contribution limits in this section shall be increased to reflect the percentage of change in the average consumer price index (all items-city average) as published by the United States department of labor, bureau of labor statistics, on January 1 of every odd-numbered year starting in 2007. Any amount adjustment under this section shall be rounded to the nearest multiple of one hundred dollars ($100). The registry of election finance shall publish the increased amount on its web site.

[Acts 2006 (1st Ex. Sess.), ch. 1, § 51.]