Introduced
by
To replace existing charity licensure requirements with a requirement that charitable organizations that annually raise or spend $25,000 or more must register with the state; require that charities make certain disclosures regarding directors, officers, and employees; update other regulations on their disclosures, operations and solicitations; and increase penalties for certain prohibited practices to include a five-year misdemeanor or $10,000 civil fine. Fundraising by school booster groups, parent-teacher organizations, public schools, nonpublic schools, preschools, and institutions of higher education would be exempt from the registration and reporting requirements.
Referred to the Committee on Economic Development and Regulatory Reform
