Illinois SB 1599: HEALTH-TECH

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 Full Text of SB1599

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 SB1599 - 104th General Assembly 

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SB1599 EngrossedLRB104 08999 JRC 19055 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Solicitation for Charity Act is amended by 

5changing Section 4 as follows:

6 (225 ILCS 460/4) (from Ch. 23, par. 5104)

7 Sec. 4. Annual reporting for charities. 

8 (a) Every charitable organization registered pursuant to 

9Section 2 of this Act which shall receive in any 12-month 

10period ending upon its established fiscal or calendar year 

11contributions in excess of $500,000 and every charitable 

12organization whose fund raising functions are not carried on 

13solely by staff employees or persons who are unpaid for such 

14services, if the organization shall receive in any 12-month 

15period ending upon its established fiscal or calendar year 

16contributions in excess of $25,000, shall file a written 

17report with the Attorney General upon forms prescribed by him 

18or her, on or before June 30 of each year if its books are kept 

19on a calendar basis, or within 6 months after the close of its 

20fiscal year if its books are kept on a fiscal year basis, which 

21written report shall include a financial statement covering 

22the immediately preceding 12-month period of operation. Such 

23financial statement shall include a balance sheet and 

SB1599 Engrossed- 2 -LRB104 08999 JRC 19055 b

1statement of income and expense, and shall be consistent with 

2forms furnished by the Attorney General clearly setting forth 

3the following: gross receipts and gross income from all 

4sources, broken down into total receipts and income from each 

5separate soli