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OK SB1070
Bill
AI Summary
SB 1070 Summary
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Establishes the Oklahoma Solicitation of Charitable Contributions Act to promote integrity and prevent fraud in charitable fundraising through registration, disclosure, and enforcement requirements.
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Requires charitable organizations soliciting contributions in Oklahoma to register with the Secretary of State and pay registration fees ($65.00 for most organizations; $15.00 for those collecting less than $10,000 annually), with fees deposited to the General Revenue Fund and newly created revolving funds for the Attorney General and Secretary of State.
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Mandates registration of professional fundraisers and professional solicitors, increases their registration fees to $215.00 and $25.00 respectively, and requires detailed contracts specifying compensation, terms, and services with five-year retention requirements.
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Establishes violations including false statements on applications, deceptive use of organization names, failure to register, fraud schemes, and failure to disclose required information, with civil penalties up to $10,000 per violation and felony charges for certain violations carrying up to five years imprisonment.
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Creates oversight authority for the Attorney General and district attorneys to investigate, prosecute, revoke registrations, and recover damages and expenses, while requiring the Secretary of State to maintain a public registry with assigned registration numbers and electronic filing by July 1, 2012.
Legislative Description
Oklahoma Solicitation of Charitable Contributions Act; modifying provisions. Effective date.
Revenue and Taxation
Last Action
Approved by Governor 06/10/2010
5/28/2010