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367.666 Interstate reciprocal agreements on exchanging information -- Fiscal
records -- Contribution deposit requirements -- Maintenance of records.
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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.
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.
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.
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.
Effective:July 15, 1994
History: Created 1994 Ky. Acts ch. 151, sec. 8, effective July 15, 1994.
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