Perdue's Promises: The Endowment

Gov. Beverly Perdue promised to create a campaign finance endowment.

In a page on her campaign Web site, Perdue pledged to lead a statewide effort to raise money for a $50 million endowment for public financing of gubernatorial elections.

"Such an endowment should be able to generate between $4-5 million annually in income or $15-20 million over each four-year period between gubernatorial campaigns," the section notes.

The endowment would be managed by a bipartisan group of 12 individuals appointed by the top legislative leaders of both major parties.

To receive the money, candidates would have to pledge they would not run negative ads, would address major issues and attend a series of debates and would not spend any other money on their campaign.

Perdue has already fulfilled part of this promise, signing an executive order today establishing a task force to push for the endowment.

She's already said Tom Lambeth will lead the task force.