Or. Admin. Code § 165-012-0520

Current through Register Vol. 63, No. 11, November 1, 2024

Section 165-012-0520 - Application of ORS 260.281

(1) A donation is received for purposes of ORS 260.281 and administrative rules OAR 165-012-0500 through 165-012-0530 as follows:

(a) If made by financial instrument (e.g. cash, check, or other written instrument), when the instrument is received by an agent or authorized representative of a covered organization, or by the financial institution if made directly to a financial institution.

(b) If made by electronic transfer of funds or credit card, when the donation is credited to an account in the name of a covered organization.

(c) If made by stock the date when an agent or authorized representative of the covered organization receives notice either of the authorization or of the completion of the transfer, whichever notification occurs first.

(d) If made in the form of an item of value, the date an agent or authorized representative of a covered organization has knowledge of the in-kind contribution and the item of value has been purchased or provided.

(2) Where a donor has already donated more than $10,000 in the aggregate to a covered organization as of the date ORS 260.275, ORS 260.281 and ORS 260.285 were effective, and the covered organization is required to file an initial donor list, the covered organization shall file its initial donor list using form SEL 240 no later than July 1, 2020.

(3) When a covered organization discloses a donation from a donor which was previously reported, the covered organization shall report the updated total amount of the aggregate donation(s), not the amount of the change in donations.

(4) The signature provided by the authorized representative on an initial or updated donor identification list must be an original signature, although it may be submitted via a scanned document.

(5) Signatures on forms used to comply with ORS 260.281, ORS 260.285 or administrative rules OAR 165-012-0500 through 165-012-0530 that are filed using paper forms will be converted to an electronic document and will become the official record.

(6) For purposes of delivering the initial donor identification lists and updated donor identification lists to persons who request those lists, it shall be sufficient to direct the requestor to a website where such documents are available if such a website exists.

Or. Admin. Code § 165-012-0520

ELECT 7-2020, adopt filed 06/11/2020, effective 6/11/2020

Statutory/Other Authority: ORS 246.150 & 260.281

Statutes/Other Implemented: ORS 260.275, 260.281 & 260.285