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VOL. 129 | NO. 139 | Friday, July 18, 2014

Senate Candidate Gives Loan to Prominent Supporter

AP

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NASHVILLE (AP) – The campaign of Republican U.S. Senate candidate Joe Carr has loaned $200,000 to the company of a prominent supporter in an unusual arrangement that has drawn the attention of the Federal Election Commission.

The Tennessean reports the Carr campaign last year issued the money to Life Watch Pharmacy, a Nashville company led by conservative financier Andrew Miller. The campaign reported more than $9,500 in income from the loan after it was paid back this spring.

The FEC in early June contacted the Carr campaign to ask for an explanation about the transaction, noting that it could violate campaign finance laws if it was a contribution. Miller had already given the maximum $5,200 to Carr.

Carr filed a corrected report last week to stress that the money was not a donation.

Information from: The Tennessean, www.tennessean.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 116 413 13,039
MORTGAGES 149 479 16,949
FORECLOSURE NOTICES 0 26 3,316
BUILDING PERMITS 176 701 28,395
BANKRUPTCIES 87 303 10,793
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