All four of the candidates for Mayor have filed their third quarter financial disclosure statements. And we have them available for the public here on RFMJ. These forms had to be postmarked by Friday 10/10/2008 and cover the period from July 29 to September 30.
There will be one more required filing. All candidates must report on forms postmarked by Tuesday, 10/28/2008 their finances from Oct 1 through Oct 25. We’ll try to get those forms up as quickly as we can – there is a public interest in everyone having the ability to review them before they vote.
Here are the links to the forms:
Jim Bradshaw $100
Linda Elam $2,499 (+ $14,000 loan from herself)
Kevin Mack $699
Wendell Marlowe $10,725
Because Marlowe’s 25 contributors are spread out over 7 pages of his report, we’ve created a summary sheet that shows them, ranked by contribution amount. Over half of Marlowe’s contributors and over half the total amount come from the Realtor/Developer community.
There is also evidence in the disclosure forms of two questionable campaign contributions.
Two contributions appear to have been made not by individuals, but by businesses to the Marlowe campaign. Contributions by corporations are illegal. The Tennessee
|17.||Are corporate campaign contributions allowed?|
The two contributions are one for $1,000 from Summit Realty Group of Mt. Juliet and one for $200 from Fortune Enterprises of Lebanon, TN.
Here’s a capture of the Secretary of State’s business information on Summit Realty Group showing that it is an LLC, with Benton Forkum as the registered agent.
There is an attorney general’s opinion from 1998 that the prohibition on corporate contributions does not apply to LLCs. It is unclear if the issue has ever been tested in the courts.