§ 9-2610. Administration of funds; investments, accounting and controls; audits; reports.
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2019
Effective: July 1, 2019
MD Code, State Government, § 9-2610
§ 9-2610. Administration of funds; investments, accounting and controls; audits; reports.
(a)(1) The Corporation may provide for the creation, continuation, and administration of the funds that it requires.
(b) Money that the State appropriates to the Corporation, and money that the Corporation is required by the General Assembly to raise for museum construction from sources other than the State, shall be invested in bonds or other obligations:
(c)(1) The Corporation shall adopt a system of financial accounting, controls, audits, and reports.
(d)(1) The Corporation shall select an independent certified public accountant to conduct an audit under this subsection.
(e) The books, records, and accounts of the Corporation are subject to audit by the State.
(f)(1) Within the first 90 days of each fiscal year, the Corporation shall submit a report to the Governor and, subject to § 2-1257 of this article, to the General Assembly.
Credits
Added by Acts 2004, c. 26, § 2, eff. Oct. 1, 2004. Amended by Acts 2021, c. 109, § 5.
MD Code, State Government, § 9-2610, MD STATE GOVT § 9-2610
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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