SB631: Bill Text

SB631,43,8 DFI-Bkg 60.01 Authority. This chapter is adopted pursuant to ss. 202.12 (3) (am), 202.12 (8), 202.155 (4), and 227.11 (2) s. 202.07 (4m), Stats.

SB631,143 Section 143. DFI-Bkg 60.02 (3) of the administrative code is repealed.

SB631,144 Section 144. DFI-Bkg 60.03 (intro.) and (1) of the administrative code are repealed.

SB631,145 Section 145. DFI-Bkg 60.03 (2) (title) of the administrative code is renumbered DFI-Bkg 60.03 (title).

SB631,146 Section 146. DFI-Bkg 60.03 (2) of the administrative code is amended to read:

SB631,44,3 DFI-Bkg 60.03 (2) A registered charitable organization which desires that operates solely within one community and that received less than $50,000 in contributions during its most recently completed fiscal year may apply to the department to be exempted from the solicitation disclosure requirements of s. 202.155 (1) and (2), Stats., may apply for the exemption by filing the affidavit prescribed by s. DFI-Bkg 60.04 s. 202.12 (6m) (b), Stats. The application shall be made on forms and in the manner prescribed by the department. A registered charitable organization which has applied for the exemption may not conduct solicitations without making the disclosures required under s. 202.155 (1) and (2) 202.12 (6m), Stats., until the registered charitable organization has received written notice from the department that the department has granted the exemption. A registered charitable organization may qualify for the exemption from solicitation disclosures regardless of whether it uses a professional fund-raiser or an unpaid solicitor for the solicitation of contributions to the registered charitable organization.

SB631,147 Section 147. DFI-Bkg 60.03 (3) of the administrative code is created to read:

SB631,44,9 DFI-Bkg 60.03 (3) If a registered charitable organization obtains an exemption under sub. (2), a professional fund-raiser who solicits contributions on behalf of the registered charitable organization is exempt from the solicitation disclosure requirements in s. 202.14 (11) (c), Stats., when soliciting contributions on behalf of the registered charitable organization.

SB631,148 Section 148. DFI-Bkg 60.04 of the administrative code is repealed.

SB631,149 Section 149. DFI-Bkg 60.05 of the administrative code is repealed.

SB631,150 Section 150. DFI-Bkg 60.06 (title) and (1) of the administrative code are repealed.

SB631,151 Section 151. DFI-Bkg 60.06 (note) of the administrative code is repealed.

SB631,152 Section 152. DFI-Bkg 60.06 (2) (title) of the administrative code is renumbered DFI-Bkg 60.06 (title).

SB631,153 Section 153. DFI-Bkg 60.06 (2) of the administrative code is amended to read:

SB631,44,23 DFI-Bkg 60.06 (2) A central organization may file a single application for charitable organization registration of the central organization and all of its affiliated subunits, provided that the central organization has complete and direct control over the solicitation activities of all subunits, receives all contributions for its use or future distribution to the subunits and is accountable for all receipts and disbursements relating to the solicited contributions.

SB631,154 Section 154. DFI-Bkg 60.07 of the administrative code is repealed.

SB631,155 Section 155. DFI-Bkg 60.075 (2) (c) of the administrative code is amended to read:

SB631,45,4 DFI-Bkg 60.075 (2) (c) The contents of the mailing do not include the name or contact information of the professional fund-raiser or the fund-raising counsel.

SB631,156 Section 156. DFI-Bkg 60.08 (title) of the administrative code is amended to read:

SB631,45,7 DFI-Bkg 60.08 (title) Annual financial reports.

SB631,157 Section 157. DFI-Bkg 60.08 (1) of the administrative code is amended to read:

SB631,45,12 DFI-Bkg 60.08 (1) Only charitable organizations which are registered or are required to be registered with the department are required to file an annual report or an affidavit in lieu of an annual report with the department under s. 202.12 (3), Stats.

SB631,158 Section 158. DFI-Bkg 60.08 (2) of the administrative code is repealed.

SB631,159 Section 159. DFI-Bkg 60.08 (3) and (note) of the administrative code are amended to read:

SB631,45,24 DFI-Bkg 60.08 (3) An annual financial report submitted to the department pursuant to s. 202.12 (3), 202.13 (2m), or 202.14 (2m), Stats., by a charitable organization which is registered or required to be registered shall be complete, accurate and truthful. It shall include all schedules and attachments required by the form prepared by the department pursuant to s. 202.12 (3) (a), Stats., or prepared by another person pursuant to s. 202.12 (4), Stats. A charitable organization which files with the department financial information which it has filed with another state or the federal government shall complete a supplemental form prepared by the department which requires additional information to comply with sub. (2).

SB631,46,4 Note: The annual Annual report form and the supplemental form forms may be obtained upon request from the current Internet site of the Department of Financial Institutions, Division of Banking, 201 West Washington Avenue, P.O. Box 7876, Madison, Wisconsin 53707-7876.

SB631,160 Section 160. DFI-Bkg 60.08 (3m) of the administrative code is repealed.

SB631,161 Section 161. DFI-Bkg 60.08 (4) of the administrative code is repealed.

SB631,162 Section 162. Effective date.

SB631,46,9 (1) This act takes effect on June 1, 2016, or on the day after publication, whichever is later.

SB631,46,10 (End)