Section 10-110 - Audit; reports. - Maryland Statutes

§ 10-110. Audit; reports.
 

(a)  Audit.- The books and records of the Trust are subject to audit: 

(1) by the State, at the State's discretion; and 

(2) annually by an independent auditor approved and paid by the Trust. 

(b)  Reports.-  

(1) Within the first 90 days of each fiscal year, the Board shall report to the Governor and, subject to § 2-1246 of the State Government Article, to the General Assembly. 

(2) The report shall include a complete operating and financial statement of the operations of the Trust and a summary of the activities of the Trust during the preceding fiscal year. 
 

[An. Code 1957, art. 83B, § 11-106(c), (d); 2005, ch. 26, § 2.]