Amends TCA Title 2, Chapter 10, Part 3.

Under present law, members of the general assembly are prohibited from fundraising, soliciting, or accepting contributions from the convening of the general assembly through the earlier of the last day of regular session or June 1 in odd years, and from the convening of the general assembly to the earlier of May 15 or the conclusion of the annual session in even years. This bill authorizes members of the general assembly and political campaign committees to conduct fundraising events and solicit or accept campaign contributions in even-numbered years if the general assembly recesses by joint resolution before May 15 and the recess is 10 days or more, Sundays not included. <br /> <br /> This bill also specifies that campaign contribution limits for candidates for the state senate will reset every two years in the same manner as the house of representatives limits reset. A candidate will have a total of four years to accumulate the total amount allowed by having the limits reset every two years. These contribution limits include:<br /> <br /> (1) The $1,000 limit a person may make to any candidate running for state or local public office;<br /> (2) The $7,000 limit a political campaign committee may make to any candidate running for statewide election or the senate;<br /> (3) The $75,000 aggregate limit on what a candidate for state or local public office may accept from multicandidate political campaign committees in each election; and<br /> (4) The $40,000 aggregate limit political campaign committees and caucuses controlled by a political party on the national, state, and local level may make to any candidate for the senate.<br /> <br /> These limits apply to all candidates running for senate.<br /> <br />