(1) Prior to obtaining any signatures on an initiative or referendum petition, a statement of the object of the petition and the text of the measure shall be filed with the Secretary of State together with a sworn statement containing the names and street addresses of every person, corporation, or association sponsoring the petition.
(2) Upon receipt of the filing, the Secretary of State shall transmit the text of the proposed measure to the Revisor of Statutes. The Revisor of Statutes shall review the proposed measure and suggest changes as to form and draftsmanship. The revisor shall complete the review within ten days after receipt from the Secretary of State. The Secretary of State shall provide the results of the review and suggested changes to the sponsor but shall otherwise keep the proposed measure and the review confidential for five days after receipt of the review by the sponsor. The Secretary of State shall then maintain the proposed measure and the opinion as public information and as a part of the official record of the initiative. The suggested changes may be accepted or rejected by the sponsor.
(3) The Secretary of State shall prepare five camera-ready copies of the petition from the information filed by the sponsor and any changes accepted by the sponsor and shall provide the copies to the sponsor within five business days after receipt of the review required in subsection (2) of this section. The sponsor shall print the petitions to be circulated from the forms provided. Prior to circulation, the sponsor shall file a final blank copy of the petition to be circulated with the Secretary of State.