                                 CODE OF VIRGINIA

REGISTRATION OF PROFESSIONAL FUND-RAISING COUNSELS AND SOLICITORS (§ 57-61)

A. No person shall act as a professional fund-raising counsel or professional
solicitor for a charitable or civic organization, unless he has first registered
with the Commissioner. Applications for registration shall be in writing under
oath or affirmation in the form prescribed by the Commissioner and contain such
information as he may require. The application shall be accompanied by an annual
fee of $100 for the professional fund-raising counsel. The fee for a
professional solicitor shall be $500. Any professional solicitor who fails to
register prior to any solicitation shall be required to pay a late filing fee of
$250. A partnership or corporation which is a professional fund-raising counsel
or professional solicitor, may register for and pay a single fee on behalf of
all its members, officers, agents and employees.

B. Each professional solicitor shall, at the time of making application, file
with and have approved by the Commissioner a bond in which the applicant shall
be the principal obligor in the sum of $20,000 with one or more sureties
satisfactory to the Commissioner, whose liability in the aggregate as such
sureties will at least equal $20,000, and maintain the bond in effect so long as
the registration is in effect. The bond shall run to the Commonwealth of
Virginia for the use of the bonds in reimbursement for any penalties or losses
resulting from malfeasance, nonfeasance or misfeasance in the conduct of
solicitation activities. A partnership or corporation which is a professional
solicitor may file a consolidated bond on behalf of all its members, officers,
agents and employees.

C. Each registration shall be valid throughout the Commonwealth of Virginia for
a period of one year from the date of issue and may be renewed for additional
one-year periods upon written application, under oath or affirmation, in the
form prescribed by the Commissioner and the payment of the fee prescribed
herein.

D. At least ten days prior to the commencement of each solicitation campaign,
the solicitor shall file with the Commissioner a copy of the contract entered
into with any charitable or civic organization and shall file a completed
&#8220;Solicitation Notice&#8221; on forms prescribed by the Commissioner. The
Solicitation Notice shall be in writing and under oath, and shall include a
description of the solicitation event or campaign, the projected starting and
ending dates of the campaign, and the location and telephone number from which
the solicitation will be conducted. The charitable or civic organization on
whose behalf the solicitor is acting shall certify that the Solicitation Notice
and accompanying material are true and complete.

E. Professional solicitors shall file a final accounting report with the
Commissioner after the completion of the solicitation campaign, showing all
funds collected and such other information as the Commissioner may require. The
final accounting report shall be filed within ninety days of the
campaign&#8217;s completion. Professional solicitors may file a written request
with the Commissioner for an extension, not to exceed ninety days, for filing
the final accounting report. The extension period shall be calculated from the
first day following the expiration of the initial ninety-day period for filing
the report.
			A late filing fee of twenty-five dollars shall be imposed for each thirty-day
period, or any portion thereof, that an extension request or the final
accounting report is not timely filed with the Commissioner. No late fees shall
be imposed for the period between the date the extension request is filed with
the Commissioner through 180 days following the completion of the solicitation
campaign. An additional late filing fee of twenty-five dollars shall be imposed
for each thirty-day period, or any portion thereof, that the final accounting
report is not filed with the Commissioner, calculated from the end of any
extension period. The late filing fees shall be in addition to all other
penalties authorized by law.

F. The solicitor shall maintain during each solicitation campaign and for not
less than three years after its completion, the following records: (i) the name
and address of each contributor and the date and amount of the contribution,
provided that the Commissioner shall not disclose this information except to the
extent necessary for investigative or law-enforcement purposes; (ii) the name
and residence address of each employee, agent, or other person involved in the
solicitation; (iii) records of all expenses incurred in the course of the
solicitation campaign; and (iv) the account number and location of all bank
accounts where receipts from the campaign will be deposited.

G. All funds collected by the solicitor shall be deposited in a bank account.
The bank account shall include the name of the charitable or civic organization
with whom the solicitor has contracted. The professional solicitor shall
promptly provide to the charitable or civic organization a copy of all monthly
bank statements.

H. Any change in information filed with the Commissioner pursuant to this
section shall be reported in writing to the Commissioner within seven days after
the change occurs.

HISTORY: 1974, c. 574; 1979, c. 595; 1983, c. 374; 1984, c. 268; 1987, c. 561;
1988, c. 322; 1990, c. 711; 1996, c. 461; 1999, c. 40.