Sec. 8. 9 MRSA §5004, sub-§4, ¶D, as repealed and replaced by PL 2003, c. 541, §8, is amended to read:

D. The complete packet for renewal of registration application must include all the requirements identified in subsection 3 as well as the following:

(1) An audited financial statement, including federal Internal Revenue Service 990 and Schedule A forms or a 990 EZ form. Failure to file an audited financial statement of the organization's most recent audited fiscal year may be grounds for disciplinary action as provided under Title 10, section 8003, subsection 5. The office shall adopt rules governing the content of the audited financial statement. Rules adopted pursuant to this subparagraph are routine technical rules pursuant to Title 5, chapter 375, subchapter 2-A; and

(2) The nonrefundable fee for renewal of registration plus the required filing fee for charitable organizations receiving more than $30,000 in gross contributions.

Sec. 9. 9 MRSA §5008, sub-§1, as amended by PL 2003, c. 541, §12, is further amended to read:

1. Registration. A person or entity may not act as a professional solicitor, a professional fund-raising counsel or a commercial co-venturer before that person or entity has registered with the office. Applications for registration or reregistration must be in writing, under oath, in the form prescribed by the office and accompanied by an application fee and a registration fee. The application fee is nonrefundable. The applicant, except for applicants that are registering as professional fund-raising counsel, shall, at the time of making application for registration or reregistration, file with and have approved by the office a bond, in which the applicant must be the principal obligor and the State the obligee, in the sum of $25,000, with one or more responsible sureties whose liability in the aggregate as such sureties at least equals that sum. The bond runs to any person or entity who may have a cause of action against the principal obligor of the bond for any malfeasance or misfeasance in the conduct of charitable solicitation in this State. Registration is for a period of one year.