367.666 Interstate reciprocal agreements on exchanging information -- Fiscal
212 words·~1 min read·
/ky/367-666A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
records -- Contribution deposit requirements -- Maintenance of records.
(1)The Attorney General may enter into reciprocal agreements with the appropriate
authority of any other state for the purpose of exchanging information with respect
to charitable organizations, professional solicitors, and fundraising consultants.
(2)A professional solicitor shall maintain fiscal records concerning his charitable
solicitations in the Commonwealth. These records shall be kept on file during each
solicitation campaign and for at least three
(3)years after completion of the
solicitation campaign.
(3)Each contribution collected by or in the custody of a professional solicitor shall be
solely in the name of the charitable organization for which the contribution was
solicited. The professional solicitor shall deposit the contribution in an account at a
bank or other financial institution within two
(2)business days of receiving the
contribution. The account shall be in the name of the charitable organization, which
shall have sole control of all withdrawals from the account. Neither the professional
solicitor nor the fundraising consultant shall withdraw any deposited funds from the
account.
(4)The records shall be maintained by the professional solicitor or the fundraising
consultant, if contributions are collected, and shall be available for inspection by the
Attorney General no later than ten
(10)business days after his request.