Sec. 303.103. NOTICE OF DISPOSITION OF MONEY. (a) If less than 90 percent of the contributions collected by a law enforcement-related charitable organization or commercial telephone solicitor are paid to a law enforcement-related charitable organization, the commercial telephone solicitor shall notify each person solicited by telephone, before accepting a contribution from the person, of:
(1) the percentage of the contributions that will be paid to the organization for which the contributions are being solicited; and
(2) the percentage of the contributions that the solicitor will retain.
(b) Information required to be disclosed under Subsection (a) shall also be included on any written statement mailed to the contributor.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Section: Previous 303.052 303.053 303.054 303.055 303.056 303.057 303.058 303.059 303.101 303.102 303.103 303.104 303.151 303.152 303.153 NextLast modified: September 28, 2016