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2954 LAWS OF MARYLAND Ch. 735
to accept from any person, firm, corporation, estate,
trustee, or other fiduciary, bequests, gifts, grants, and
devises of property, real, personal or mixed, tangible or
intangible, and use the proceeds therefrom for the
benefit of the Authority or any facility existing under
the Authority.
(e) The board may appoint, fix the compensation
of, or contract for the services of administrative,
professional, technical, clerical or other employees as
from time to time in its judgment may be necessary for
the operation and administration of the Authority, or any
facility existing under the Authority.
(f) The board is authorized to establish a pension
and/or retirement plan for employees, and is authorized
to formulate and adopt such amendments thereto as the
board in its discretion deems necessary.
(g) The board is authorized to classify all
hospital employees and provide for a merit system for
those classes of employment as it deems necessary or
desirable.
(h) The board is authorized to require such
employees as it deems necessary to provide fidelity bonds
for the faithful performance of such employees' services
to the Authority, or any facility existing under the
Authority; such bond to be written by a corporate surety
and to be in such amount as may be determined by the
board.
759.
(a) The Authority, or any facility existing under
the Authority, shall operate on a fiscal year of July 1
through June 30.
(b) The Authority, or any facility existing under
the Authority, shall each year adopt a budget for the
ensuing fiscal year. Such proposed budget shall be first
submitted to the State Department of Public Works and the
governing bodies of Anne Arundel, Howard, Montgomery, and
Prince George's counties and the State Department of
Health.
(c) Each year the board shall cause an audit of
the expenses incurred by the Authority, or any facility
existing under the Authority, to be made and certified to
the State Department of Public Works, the governing
bodies of Anne Arundel, Howard, Montgomery, and Prince
George's counties and the State Department of Health.
The said audit shall also include the amount of
certificates of indebtedness issued by the Authority as
well as the interest expenses incurred therefor.
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760.
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