3878                                                     VETOES

purpose of determining whether or not the charitable organization
should undertake a fund-raising activity, such compensation or
expenses paid for feasibility studies or preliminary planning not
being considered to be expenses paid in connection with a
fund-raising activity.

(b) For purposes of this section, the total gross income
raised or received shall be adjusted so as not to include
contributions received equal to the actual cost to the charitable
organization of (1) goods, food, entertainment, or drink sold or
provided to the public, nor should these costs be included as
fund-raising costs; (2) the actual postage paid to the United
States Postal Service and printing expense in connection with the
soliciting of contributions, nor should these costs be included
as fund-raising costs.

(c)] Every contract or agreement between a fund-raising
counsel or a professional solicitor and a charitable organization
shall be in writing[, and a] AND SHALL CONTAIN THE NAMES AND
ADDRESSES OF THE PARTIES. A FULLY EXECUTED copy [of it] shall be
filed with the Secretary of State within ten days after it is
entered into [and prior to] OR NO LATER THAN THE COMMENCEMENT OF
any [solicitations] SOLICITATION.

103E.

(A)  A charitable organization may not solicit funds from
the public or expend them except for the charitable purposes
stated in its registration statement AND MOST RECENT ANNUAL
REPORT.

(B)  (1) ANY WRITTEN SOLICITATION DISTRIBUTED AFTER JANUARY
JULY 1, 1986 SHALL CONTAIN A DISCLOSURE STATEMENT. FOR THE
PURPOSES OF THIS SUBSECTION, WRITTEN SOLICITATION MEANS SPECIFIC
WRITTEN REQUESTS OF THE PUBLIC FOR FUNDS.

(2)  The disclosure statement shall be conspicuously
displayed on any written or printed solicitation. Where the
solicitation consists of more than 1 piece, the disclosure
statement shall be displayed on a prominent part of the
solicitation materials.

(3)  A DISCLOSURE STATEMENT IS NOT REQUIRED FOR ANY
WRITTEN SOLICITATION BY AN ACCREDITED SCHOOL, COLLEGE, OR
UNIVERSITY TO THEIR STUDENTS, PARENTS OF STUDENTS, ALUMNI, BOARD
MEMBERS, OR SCHOOL PERSONNEL.

(C)  ANY WRITTEN RECEIPT FOR A CONTRIBUTION DELIVERED AFTER
JANUARY JULY 1, 1986 SHALL CONTAIN A DISCLOSURE STATEMENT
DISPLAYED IN A CONSPICUOUS PLACE.

(D)  UPON REQUEST FOR A FINANCIAL STATEMENT, A CHARITABLE
ORGANIZATION SHALL MAIL THE FINANCIAL STATEMENT FREE OF CHARGE
WITHIN 30 DAYS OF THE RECEIPT OF THE REQUEST.