State Codes and Statutes
Statutes > Maryland > Housing-and-community-development > Title-10 > Subtitle-1 > 10-110§ 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.]
