HARRY HUGHES, Governor

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(1)  A STATE, POSSESSION, OR TERRITORY OF THE UNITED
STATES;

(2)  THE DISTRICT OF COLUMBIA; OR

(3)  THE COMMONWEALTH OF PUERTO RICO.

REVISOR'S NOTE: This subsection is new language added to
avoid repetition of phrases such as "state,
possession, territory, the District of Columbia, or
the Commonwealth of Puerto Rico" and to standardize
similar references throughout this article.

TITLE 2. REPORTS.

2-101. FINANCIAL REPORTS.

(A)  DEFINITIONS.

(1)  IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(2)  "DIVISION" MEANS THE DIVISION OF FISCAL RESEARCH
OF THE DEPARTMENT OF FISCAL SERVICES.

(3)  "FINANCIAL OFFICER" MEANS THE TREASURER OR OTHER
FINANCIAL OFFICER OF A POLITICAL SUBDIVISION.

(4)  "POLITICAL SUBDIVISION" INCLUDES:

(I)  A COUNTY;

(II)  A MUNICIPAL CORPORATION IN THE STATE;

(III)  A SPECIAL TAXING DISTRICT IN THE STATE;
AND

(IV)  A PUBLIC CORPORATION OF THE STATE.

(B)  REPORT REQUIRED.

IF A POLITICAL SUBDIVISION IS AUTHORIZED TO INCUR DEBT TO BE
REDEEMED FROM A FEE, CHARGE, OR THE PROCEEDS OF A LEVY, THEN
WITHIN 120 DAYS AFTER THE END OF THE FISCAL YEAR OF THE POLITICAL
SUBDIVISION, ITS FINANCIAL OFFICER SHALL SUBMIT TO THE DIVISION A
COMPREHENSIVE REPORT ON THE FINANCIAL CONDITION OF THE POLITICAL
SUBDIVISION AS OF THE END OF THAT FISCAL YEAR.

(C)  FORM.

A REPORT UNDER THIS SECTION SHALL BE ON THE FORM THAT THE
DIVISION PROVIDES.

(D) CONTENTS.