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AR HB2044
Bill
Status
3/29/2017
Primary Sponsor
Trevor Drown
Click for details
AI Summary
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Transfers registration authority for charitable organizations from Attorney General to Secretary of State for all solicitation and registration matters.
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Changes annual financial report deadline from May 15 to August 1 each year and requires charitable organizations to submit IRS tax returns along with financial reports.
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Increases record retention requirement from 3 years to 5 years after the end of fiscal year for charitable organizations and paid solicitors.
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Increases paid solicitor registration fee from $100 to $200 and maintains $10,000 bond requirement; requires 15 days notice before solicitation campaigns begin.
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Effective January 1, 2018; adds new section granting Attorney General access to all records filed with Secretary of State.
Legislative Description
To Modify The Registration Of Charitable Organizations Before Solicitation; To Amend Annual Financial Reports And Fiscal Records Requirements Of Charitable Organizations; And To Amend Registration Of Paid Solicitors.
Last Action
Notification that HB2044 is now Act 727
3/29/2017