Statute 688a 284

1. A charitable organization that issues qualified charitable-gift annuities shall notify the Commissioner in writing on or before December 30, 1999, or the expiration of 90 days after it first enters into an agreement to issue a qualified charitable-gift annuity, whichever is later. The notice must: (a) Be signed by an officer or director of the organization; (b) Identify the organization; and (c) Certify that the organization is a charitable organization and that the annuities are qualified charitable-gift annuities. 2. Unless the Commissioner demands information to determine the amount of a penalty pursuant to NRS 688A.285, the organization need submit no other information. (Added to NRS by 1999, 1951)