(1) Within 30 days after a deadline for the filing of a financial statement required by this part, the lieutenant governor shall review each filed financial statement to ensure that:

1. (a) each labor organization that is required to file a financial statement has filed one; and
2. (b) each financial statement contains the information required by this part.

(2) If it appears that any labor organization has failed to file a financial statement, if it appears that a filed financial statement does not conform to the law, or if the lieutenant governor has received a written complaint alleging a violation of the law or the falsity of a financial statement, the lieutenant governor shall:

1. (a) impose a fine against the labor organization in accordance with Section 20A-11-1005; and
2. (b) within five days of discovery of a violation or receipt of a written complaint, notify the labor organization of the violation or written complaint and direct the labor organization to file a financial statement correcting the problem.

(3)

1. (a) It is unlawful for any labor organization to fail to file or amend a financial statement within seven days after receiving notice from the lieutenant governor under this section.
2. (b) Each labor organization that violates Subsection (3)(a) is guilty of a class B misdemeanor.
3. (c) The lieutenant governor shall report all violations of Subsection (3)(a) to the attorney general.
4. (d) In addition to the criminal penalty described in Subsection (3)(b), the lieutenant governor shall impose a civil fine of $1,000 against a labor organization that violates Subsection (3)(a).