House Bill 456, sponsored by Raper, amends Tennessee Code Annotated, Title 2, Chapter 10, focusing on campaign finance regulations. The bill specifically revises Section 2-10-107(c)(2) by deleting the existing subdivision and replacing it with new language that mandates the registry of election finance to create a nonexclusive list of examples of "in-kind contributions" that require disclosure. This new rule must be developed in accordance with the Uniform Administrative Procedures Act and shared with each member of the general assembly at the start of each yearly session, as well as with candidates for state office within one week of their treasurer certification.

The bill emphasizes the importance of transparency in campaign finance by ensuring that candidates and legislators are informed about the types of contributions that need to be disclosed. Additionally, it stipulates that any changes or revisions to these rules must follow the established administrative procedures, thereby reinforcing the regulatory framework governing campaign contributions in Tennessee. The act is set to take effect immediately upon becoming law, highlighting its urgency in promoting public welfare.

Statutes affected:
Introduced: 2-10-107(c)(2), 2-10-107