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HARRY HUGHES, Governor 1483
(ii) Statement of revenues;
(iii) Statement of expenditures and
encumbrances; and
(iv) Statement of changes in fund balance.
(4) Be completed and filed with the appropriate
county officials not later than 90 days following the close of
the fiscal year.
(D) FOR A SPECIAL DISTRICT WITH ANNUAL EXPENDITURES OF LESS
THAN $50,000, THE COUNTY SHALL REQUIRE ANNUAL FINANCIAL REPORTS
AND SHALL REQUIRE AN AUDIT EVERY 4 YEARS, UNLESS THE COUNTY
DETERMINES, ON A CASE-BY-CASE BASIS, THAT MORE FREQUENT AUDITS
ARE REQUIRED.
(E) IF A SPECIAL DISTRICT SUBJECT TO SUBSECTIONS (B) OR (D)
OF THIS SECTION DOES NOT SUBMIT A FINANCIAL REPORT OR AUDIT
REPORT AS REQUIRED__BY THE COUNTY, THE COUNTY MAY WITHHOLD THE
DISTRIBUTIONS OF TAXES IMPOSED ON BEHALF OF THE SPECIAL DISTRICT
UNTIL THE FINANCIAL REPORT AND/OR AUDIT RETORT IS RECEIVED.
[(c)] (D) (F) A copy of each audit under [subsection]
SUBSECTIONS (b) AND (C) OF THIS SECTION shall accompany the
uniform financial report required to be submitted by the county
to the Department of Fiscal Services.
(E) (1) AFTER RECEIVING AND EXAMINING THE FINANCIAL REPORT
OF A TAXING DISTRICT WITHIN A COUNTY HAVING ANNUAL EXPENDITURES
OF $50,000 OR LESS, THE DEPARTMENT OF FISCAL SERVICES MAY CONDUCT
AN AUDIT OF THE TAXING DISTRICT.
(2) IN EVALUATING AND CORRECTING A REPORT OR AUDIT OF
A TAXING DISTRICT WITHIN A COUNTY HAVING ANNUAL EXPENDITURES OF
$50,000 OR LESS, THE DEPARTMENT OF FISCAL SERVICES SHALL DEAL
DIRECTLY WITH THE TAXING DISTRICT, RATHER THAN THROUGH ANY COUNTY
GOVERNMENT.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 24, 1983.
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CHAPTER 485
(House Bill 1314)
AN ACT concerning
Creation of a State Debt - Goucher College
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