Tom Lambeth remembers the bad-old days of campaign finance.

As chief of staff to Rep. Richardson Preyer in the 1970s, he recalls the days before post-Watergate reforms when lobbyists would hand cash-filled envelopes to Congressmen.

During his tenure as head of the Z. Smith Reynolds Foundation in Winston-Salem, he helped direct grant money and host conferences on campaign finance that indirectly led to the public financing of judicial campaigns and some Council of State races.

Now he's getting ready for an even bigger reform.

Gov.-elect Beverly Perdue has said she will appoint Lambeth to run an endowment that would providing public financing for gubernatorial candidates who pledge to run positive campaigns.

Lambeth, 73, says he spoke with Perdue about the endowment earlier this year and most recently about six weeks ago. He knows her from their work together on the N.C. Rural Economic Development Center and as a legislator.

More after the jump.

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