2017 Annual Report on Charitable Solicitations in Colorado
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3. Legislative update
The 2017 General Assembly passed amendments to the Colorado Charitable Solicitations Act in House Bill 17-1158. The bill made the following changes:
- Allows registrations to expire without penalty, if the charity is no longer required to register with the Secretary of State. Eliminates the need for an organization to withdraw its registration to avoid fines and suspension.
- Clarifies that charities must file a financial report covering all periods during which it was required to register
- Requires registrants to report material changes to registration information within 30 days
- Eliminates the requirement to name a registered agent
- Requires the Secretary of State to send at least two notices by first-class mail and email before assessing a fine