Not later than thirty (30) days after being elected to the office of governor, the governor-elect shall establish a gubernatorial inauguration expense fund that shall be used to finance any event held for the purpose of celebrating the governor's inauguration. Such fund is subject to the contribution limits and reporting requirements provided in this part. Parts 1 and 3 of this chapter shall not apply to contributions made pursuant to this part.
T.C.A. § 2-10-403