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§ 14-407. Reporting and recordkeeping requirements

West's Annotated Code of MarylandEducation

West's Annotated Code of Maryland
Education (Refs & Annos)
Division III. Higher Education [Titles 10-20] (Refs & Annos)
Title 14. Morgan State University and ST. Mary's College of Maryland (Refs & Annos)
Subtitle 4. ST. Mary's College of Maryland (Refs & Annos)
MD Code, Education, § 14-407
§ 14-407. Reporting and recordkeeping requirements
Currentness
Reports relating to assessment and accountability guidelines
(a) Each year, as required by the Secretary, St. Mary's College of Maryland shall report to the Maryland Higher Education Commission on all assessment and accountability guidelines set by the Maryland Higher Education Commission.
Recordkeeping and audits
(b) In addition to the duties set forth elsewhere in this subtitle, St. Mary's College of Maryland shall:
(1) Keep records that are consistent with sound business practices and accounting records using generally accepted accounting principles;
(2) Cause an audit by an independent certified public accountant to be made of the accounts and transactions of the College at the conclusion of each fiscal year; and
(3) Be subject to audit and examination at any reasonable time of the accounts, investments, and transactions of the College by the Office of Legislative Audits of the Department of Legislative Services.

Credits

Added as Education § 14-207 by Acts 1992, c. 209, § 1, eff. July 1, 1992. Amended by Acts 1994, c. 3, § 3, eff. Feb. 28, 1994. Renumbered as Education § 14-407 by Acts 1996, c. 10, § 16, eff. April 9, 1996. Amended by Acts 1997, c. 635, § 9, eff. July 1, 1997; Acts 1997, c. 636, § 9, eff. July 1, 1997.
MD Code, Education, § 14-407, MD EDUC § 14-407
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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