HARRY HUGHES, Governor

3875

(C) (D) (1) THE ANNUAL REPORT SHALL BE FILED WITH THE
SECRETARY OF STATE WITHIN 6 MONTHS OF THE CLOSE OF THE CHARITABLE
ORGANIZATION'S FISCAL YEAR. THE REPORT SHALL CONTAIN ANY CHANGES
TO THE REGISTRATION STATEMENT AND ANY PREVIOUS ANNUAL REPORTS ON
FILE WITH THE SECRETARY AND SHALL INCLUDE THE FINANCIAL
INFORMATION WITH SUPPORTING AUDIT REPORT, IF REQUIRED, DESCRIBED
IN PARAGRAPH (B)(6) (B)(8) OF THIS SECTION.

(2) IN LIEU OF THE FINANCIAL INFORMATION DESCRIBED IN
PARAGRAPH (B)(6)(I) (D)(1) OF THIS SECTION, A CHARITABLE
ORGANIZATION MAY SUBMIT A COPY OF ITS FEDERAL FORM 990 FILED WITH
THE INTERNAL REVENUE SERVICE, OR MAY SUBMIT INFORMATION ON FORMS
PROVIDED BY THE SECRETARY OF STATE.

[(b)] (D) (E) Each chapter, branch, or affiliate of a
charitable organization, other than an independent member agency
of a federated fund-raising organization, shall either file a
separate registration statement or report the information to its
parent organization which shall then file a consolidated
REGISTRATION statement for its Maryland affiliates, chapters, and
branches. An independent charitable organization member agency
of a federated fund-raising organization shall file a separate
registration statement, unless specifically exempted from doing
so or unless the member agency does not engage in solicitation
other than as a member of a federated fund-raising organization.
A federated fund-raising organization shall file a separate
registration statement as a charitable organization.

[(c)] (E) (F) Every CHARITABLE organization under this
subtitle which files a separate registration statement shall pay
a fee of [$25] $50.

[(d)] (F) (G) Every charitable organization which intends
to discontinue solicitation shall file a statement of its
intention to terminate solicitation and a final [financial
statement, identical in content to the registration statement,]
ANNUAL REPORT within [three] 6 months of the close of its fiscal
year.

103C.

(a) The following charitable organizations are [not
required to file a registration statement and financial report]
EXEMPT FROM THE REQUIREMENTS OF THIS SUBTITLE, but only if they
do not employ a professional solicitor [to solicit funds on their
behalf and if they do not mail more than 500,000 solicitations
for charitable contributions in any one year]:

(1) [An educational institution approved by the State
Department of Education, either directly or by acceptance of its
accreditation by an accrediting body recognized by that
Department. However, the educational institution shall file with
the Secretary of State a copy of the annual fiscal reports that
it files with the State Department of Education.