HARRY HUGHES, Governor

1603

fund-raising drive or event exceed $25,000, such report must be
prepared by a certified public accountant according to [standards
of accounting and fiscal reporting for voluntary health and
welfare organizations] GENERALLY ACCEPTED AUDITING AND ACCOUNTING
STANDARDS.

103G.

All registration statements, ANNUAL reports, fund-raising
counsel contracts, professional solicitor contracts, and other
documents and information [required to be] filed under this
subtitle with the Secretary of State are public records. They
shall be maintained in the office of the Secretary of State for
at least two years, and shall be available to the general public
for inspection and photocopying, at reasonable prices, during the
normal business hours of the Secretary of State.

103-I.

The Secretary of State may enter into reciprocal agreements
with the appropriate authority of any other state of the United
States, for the purpose of exchanging information with respect to
charitable organizations, fund-raising counsel, professional
solicitors, and solicitors. Pursuant to these agreements, the
Secretary of State may accept information filed by a charitable
organization, fund-raising counsel, professional solicitor, or
solicitor with the appropriate authority of another state in lieu
of the information required to be filed in accordance with the
provisions of this subtitle, if the information is substantially
similar to the information required under this subtitle. The
Secretary of State may also grant an exemption from the
requirement for the filing of [an annual] A registration
statement OR ANNUAL REPORT to charitable organizations organized
under the laws of another state and having their principal place
of business outside the State, whose funds are derived
principally from sources outside the State, and which have been
granted an exemption from the filing of registration statements
by the state under whose laws they are organized, if that state
has a statute similar in substance to the provisions of this
subtitle.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 21, 1985.

CHAPTER 118
(Senate Bill 508)
AN ACT concerning