MS SB2083

Extends the financial reporting period for charitable organizations from annual to a four-year cycle, with organizations filing statements covering all fiscal years in the reporting period.

Changes professional fund-raiser and professional solicitor registration periods from one year to four years, with renewals occurring for subsequent four-year periods.

Modifies the timeline for final accounting reports from professional fund-raisers, allowing reports due on the next reporting due date for campaigns lasting more than four years (rather than annually).

Allows charitable organizations receiving between $250,000 and $500,000 annually to file reviewed financial statements rather than audited statements if all fund-raising is conducted by unpaid volunteers.

Takes effect July 1, 2014.