KRS 367.666: Interstate reciprocal agreements on exchanging information -- Fiscal

records -- Contribution deposit requirements -- Maintenance of records.

(1) The Attorney General may enter into reciprocal agreements with the appropriate

authority of any other stat e for the purpose of exchanging information with respect

to charitable organizations, professional solicitors, and fundraising consultants.

(2) A professional solicitor shall maintain fiscal records concerning his charitable

solicitations in the Commonweal th. These records shall be kept on file during each

solicitation campaign and for at least three (3) years after completion of the

solicitation campaign.

(3) Each contribution collected by or in the custody of a professional solicitor shall be

solely in th e name of the charitable organization for which the contribution was

solicited. The professional solicitor shall deposit the contribution in an account at a

bank or other financial institution within two (2) business days of receiving the

contribution. The account shall be in the name of the charitable organization, which

shall have sole control of all withdrawals from the account. Neither the professional

solicitor nor the fundraising consultant shall withdraw any deposited funds from the

account.

(4) The records shall be maintained by the professional solicitor or the fundraising

consultant, if contributions are collected, and shall be available for inspection by the

Attorney General no later than ten (10) business days after his request.