Section 11-405 - Annual reports. - Maryland Statutes

§ 11-405. Annual reports.
 

(a)  Required.- The fiscal officer of each subdivision that is eligible to receive money under § 11-404 of this subtitle shall submit a written certification to the Comptroller and, subject to § 2-1246 of the State Government Article, the Department of Legislative Services on or before November 1 of each year. 

(b)  Contents.- The fiscal officer's certification shall state: 

(1) the purposes for which Special Fund money received under § 11-404 of this subtitle was spent or committed during the fiscal year that ends on the June 30 before the report is submitted; and 

(2) that the subdivision will hold Special Fund money in a special account and use the money only to help services and facilities within 2 miles of the Pimlico Race Course or 3 miles of the Laurel Race Course. 

(c)  Penalty for failure to submit timely report.-  

(1) The Comptroller may not pay Special Fund money to a subdivision unless the fiscal officer of the subdivision submits a timely certification required under subsection (a) of this section. 

(2) The Comptroller shall place Special Fund money withheld under paragraph (1) of this subsection in a special account and add it to the money available for payment to the subdivision in the next fiscal year. 
 

[An. Code 1957, art. 78B, § 19; 1992, ch. 4, § 2; 1994, ch. 662, § 6; 1997, ch. 635, § 9; ch. 636, § 9.]