LD 1691
pg. 10
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LR 2487
Item 1

 
bank, a federal savings bank, a subsidiary of a national bank or
federal savings bank or any other financial institution or credit
union chartered under the laws of the United States or any state
and subject to supervision and regulation by a federal financial
regulatory agency.

 
Sec. 13. 9 MRSA §5009, sub-§1, as enacted by PL 1999, c. 386, Pt. A,
§17, is amended to read:

 
1. Contracts to be filed. All contracts entered into between
a professional fund-raising counsel, a professional solicitor, a
professional fund-raising counsel or a commercial co-venturer and
any charitable organization, whether or not the organization is
exempted under section 5006, must be in writing, and a true and
correct copy of each contract must be filed by the professional
fund-raising counsel, professional solicitor, professional fund-
raising counsel or commercial co-venturer who is a party to the
contract with the office before services are performed under the
contract. The contract must contain the following provisions:

 
A. A statement of the charitable purpose for which a
solicitation campaign is being conducted; and

 
B. A In the case of a professional solicitor, a statement
of the percentage of gross proceeds collected to be paid to
the charitable organization.; and

 
C.__The signatures and legibly printed or typed names of
individuals representing the contracting parties.

 
True and correct copies of contracts must be kept on file in the
offices of the charitable organization and the professional fund-
raising counsel, professional solicitor, professional fund-
raising counsel or commercial co-venturer during the term of the
contract and for 3 years after the date of solicitation of
contributions provided for in the contract.

 
Sec. 14. 9 MRSA §5011, as amended by PL 1981, c. 456, Pt. A, §37,
is further amended to read:

 
§5011. Public information

 
All information required to be filed under this chapter shall
be is a public records record and shall must be available to the
public at the office of the commissioner or in any manner the
commissioner may prescribe.

 
Sec. 15. 9 MRSA §5011-A is enacted to read:


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