A statement of interest discloses any personal interests they might have, such as sources of income, investments and loans.
For most local offices, candidates are required to file the statement within 30 days of the nominating petition deadline. Incumbents are required to file a statement of interest by Jan. 31 of each year. If an incumbent seeks re-election to the same office, they are not required to file two statements in one year, but if an incumbent seeks election to a different office, a second statement must be filed.
For local and state officials, candidates only have to disclose their sources of income, not the amounts they earned. However, Congressional candidates, like U.S. Rep. Phil Roe, R-1st, and Democratic challenger Marty Olsen, had to file more-detailed Financial Disclosure Statements to the U.S. House of Representatives’ Office of the Clerk.
As of Tuesday, City Commission candidates Jeff Clark, David Adams, William “Bud” Hill and John Hunter had disclosed their interests to the state, according to the Bureau of Ethics and Campaign Finance’s online database.
Vice Mayor Jenny Brock, who is seeking a second term on the commission, was not listed as filing a statement of interest in 2018, which would have been due Jan. 31.
When asked, a Tennessee Ethics Commission official said a “miscommunication” must have occurred between their office and the Washington County Election Commission in regard to Brock being listed as an incumbent. The official said the mistake was not Brock’s fault because she was not officially notified by mail about needing to file the statement.
For those candidates who do not file on time and ignore subsequent warnings, the Tennessee Ethics Commission can impose civil penalties of $25 a day, up to a maximum of $750. Civil penalties will not be assessed if a statement is filed within a five-day grace period.
If a report is not filed within 35 days of the candidate being notified, a civil penalty of up to $10,000 could be imposed.
“The law requires the Commission to send an assessment letter to the filer before any class two civil penalties are imposed by the Commission, advising the filer of the factual basis of the violation, the maximum penalty and the date that a response must be filed,” the Ethics Commission website states.
A candidate for state public office is ineligible to qualify for election until the statement is submitted.
Here’s what candidates disclosed:
Johnson City Commission
• Jenny Brock: Based on her 2017 statement, Brock listed The First Tee Program as a source of income and an Edward Jones Investment.
• John Hunter: His source of income is Mountain States Credit Union, and his spouse’s is Concord Healthcare. He listed no loans or investments.
• Jeff Clark: Self-employed with no loans or investments.
• David Adams: Sources of income include his previous employer CEC Entertainment and his spouse’s income from Eastman Chemical Company. The only loan listed was a Wells Fargo Dealer Services received by himself and and his spouse.
• William “Bud” Hill, Jr.: Self-employed with no loans or investments.
Tennessee 6th House District
• Micah Van Huss: Sources of income include Leviathan Design LLC and Marathon Strategies LLC, both listed with a Gray, Tennessee address. Van Huss also disclosed he was a managing member of Leviathan Design from November 2016 to April 2018, and a member of Marathon Strategies from February 2018 to April 2018. He listed two loans, one from Ford Credit and one from Navy Federal Credit Union.
• Murphey Johnson: Sources of income include SST Inc., (TriNet HR Corporation) and MurphStuff. His spouse’s income included Vintage Jewelry Supplies Company and Defense Finance and Accounting Services U.S. military retirement pay. His investments include United Services Automobile Association managed portfolios and SST Inc.
Tennessee 7th House District
• Matthew Hill: Sources of income include Information Corporation, Healthy Living LLC, Rightway Marketing LLC and Marathon Strategies LLC, and his spouse received income from the East Tennessee State University Community Health Center. Hill served as an officer of Healthy Living from August 2008 to April 2018; the director of Rightway Marketing from January 2009 to April 2018; an SWRC member from August 2015 to April 2018; and a member of Marathon Strategies from February 2018 to April 2018. His investment listed is a 401K.
• Nathan Farnor: His sole source of income is from ETSU, with no loans or investments.
1st Congressional District
• Phil Roe: According to the Congressional financial disclosure database, Roe’s statement for 2017 was due May 15, but he received three separate 30-day extensions. On Aug. 9, Roe filed his 380-page financial disclosure statement showing he had 17 assets/investments and no “earned” income during 2017.
At least eight of those investments or assets were his spouse’s, and just one of those were worth less than $1 million. A Merrill Lynch Advisory Individual Retirement Account with a value between $1 million and $5 million was Roe’s most valuable asset listed. He also listed a JP Morgan Chase mortgage, ranging between $100,001 and $250,000, for a condo in Frisco, Colorado. He earned between $5,001 and $15,000 in rent for the condo, estimated to be worth between $250,001 and $500,000.
• Marty Olsen: Olsen listed 37 different assets or sources of unearned income in the financial disclosure form he submitted in May. Among those were several investments in oil, gas and energy companies, including BP, Exxon Mobil and Dominion Energy Inc. His largest asset/investment listed was College Retirement Equities Fund stock and global equities, both worth between $250,001 and $500,000.
Olsen also listed two sources of earned income, $83,143 from ETSU and $27,400 from the Medical Education Corporation, which he earned between January 2018 and the date he filed. In 2017, Olsen earned $221,338 from ETSU and $85,016 from the Medical Education Corporation. Olsen’s only liability listed was a home equity line of credit from JT Regions Bank that ranged between $50,001 and $100,000.
*To see all the interests disclosed by Olsen and Roe, click here to access a spreadsheet. To search a local or state candidate’s statement of interest, visit https://www.tn.gov/tec/tec-statement-of-interest.html.