HARRY HUGHES, Governor

1631

(4)] After the annual audit of each community
college, any discrepancy between the payments made and the actual
State share under §§ 16-403 AND 16-403.1 of this subtitle for the
preceding fiscal year, which shall be compensated for in the
November payment.

(b) Within 5 days after he receives a certification from
the State Board for Community Colleges, the State Comptroller
shall draw a warrant on the State Treasurer for the amount due
each community college. The State Treasurer immediately shall
pay the amount due to the board of trustees of the community
college.

16-409.

(b) Each community college in the State shall have an
annual audit of its books of accounts, accounting procedures and
principles, and other fiscal and operational methods and
procedures in accordance with guidelines as prescribed by the
State Board for Community Colleges. A copy of the audit report,
together with the related management letter, shall be submitted
to the State Board for Community Colleges [and] FOR THEIR REVIEW
AND ASSESSMENT AND TO the Legislative Auditor within 90 days of
the close of each fiscal year. The State Board for Community
Colleges shall ascertain that the community colleges are audited
in accordance with this section.

(c) THE STATE BOARD FOR COMMUNITY COLLEGES SHALL EVALUATE
AUDIT REPORTS AND RELATED MANAGEMENT LETTERS FOR PURPOSES OF
DETERMINING MATERIAL WEAKNESSES AND ASSESSING WHICH
RECOMMENDATIONS SHOULD BE CONSIDERED FOR IMPLEMENTATION. If a
community college establishes to the satisfaction of the State
Board for Community Colleges that a recommendation in an audit
report or related management letter HAS BEEN SATISFACTORILY
ADDRESSED AND should not be implemented, THEN the Board shall
notify the Legislative Auditor of the reasons for not

implementing the recommendation. IF THE STATE BOARD FOR

COMMUNITY COLLEGES FINDS THAT SATISFACTORY PROGRESS HAS NOT BEEN
MADE TOWARD CORRECTING RECURRING MATERIAL WEAKNESSES OR
IMPLEMENTING ANY OTHER AUDIT RECOMMENDATIONS WHICH THE BOARD
DEEMS APPROPRIATE, THEN WITH [With] due notice to the community
college AND with the concurrence of the State Board for Higher
Education, the Board may, FOR FISCAL YEAR 1986 AND SHALL,
BEGINNING WITH FISCAL YEAR 1987, direct the State Comptroller to
withhold aid payments OR ANY PORTION OF AID PAYMENTS due a
college under this article [upon failure of that college to
implement any audit recommendation the Board deems appropriate].