WM. PRESTON LANE, JR., GOVERNOR. 521

1948, adopt as the period for reporting all of its fiscal trans-
actions, either the calendar year or a period beginning with
the first of July and ending with the thirtieth of June. The
choice of each fiscal period as hereinabove stated shall be at
the option of each county, incorporated city or town and taxing
district selecting the same, provided, however, that no such
county, incorporated city or town or taxing district may
change from one fiscal period to another after it has once made
its selection as provided in this section without the written
consent of the State Comptroller. Each county, incorporated
city or town and taxing district adopting a fiscal period as
provided in this section shall thereafter keep and maintain
its books, records, journals, and fiscal reports by such method
or methods as will permit the division of all data, statistics,
and financial information contained therein into half-yearly
periods.

50. The Maryland Commission on Uniform Accounts, to be
composed of nine members who shall serve without compensa-
tion, is hereby created and established. The Maryland Com-
mission on Uniform Accounts shall consist of the State Comp-
troller or the Chief Deputy Comptroller if he shall be desig-
nated to serve on said Commission by the State Comptroller,
the State Auditor and the Deputy State Auditor, the
Budget Director of Baltimore City, two persons nominated to
serve on said Commission by the Maryland Association of
Certified Public Accountants, provided that one such nominee
shall have had prior experience in municipal auditing and
the other such nominee shall have had prior experience in
county auditing; and three persons selected to serve on said
Commission by the Governor from a list nominated by the
Boards of County Commissioners of this State.

51. The Maryland Commission on Uniform Accounts shall
hold its first meeting on or before October 1, 1947, at such
place as is designated by the Governor, and shall hold such
other and further meetings as may be necessary to carry out
the duties and to perform the functions of said Commission as
specified in this sub-title.

52. It shall be the duty and function of the Maryland Com-
mission on Uniform Accounts to establish on or before October
1, 1948, a system of accounting which shall be uniform in its
application to all accounts of the same class of each county
and of each incorporated city or town and taxing district of
the same grade situated in this State. Such system shall re-
quire each county and each incorporated city or town and
taxing district to exhibit true accounts which will classify in