Nonprofits may face new rules - Seattle - MSNBC.com

Nonprofits may face new rules - Seattle - MSNBC.com: "Nonprofits may face new rules
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By Deirdre Gregg
Puget Sound Business Journal (Seattle)
Updated: 7:00 p.m. ET Nov. 13, 2005

The Puget Sound area's thousands of nonprofit organizations may be required to pay for independent audits and also be subjected to other new rules, if two of the state's top regulators have their way.

In an attempt to lay the groundwork for new legislation during the upcoming 2006 legislative session, the offices of the Secretary of State and the Attorney General have been circulating draft revisions to the charitable solicitations act and the charitable trusts act. And while many nonprofits are not yet aware of the regulatory effort, some nonprofit advocates strongly suggest that the proposals are too restrictive and costly."