Tex. Bus. & Com. Code Section 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.

Source: Section 303.103 — Notice of Disposition of Money, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­303.­htm#303.­103 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 303.103’s source at texas​.gov