Ch. 815

LAWS OF MARYLAND

(d)  As soon as practical after the closing of the fiscal
year, an audit shall be made of the financial books, records, and
accounts of the Service. The audit shall be made by independent
certified public accountants, selected by the Service, and
licensed to practice in the State as auditors. The auditors may
not have a personal interest either directly or indirectly in the
fiscal affairs of the Service. They shall be experienced and
qualified in the accounting and auditing of public bodies. The
report of audit shall be prepared in accordance with generally
accepted auditing principles and point out any irregularities
found to exist. The auditors shall report the results of their
examination, including their unqualified opinion on the
presentation of the financial position of the various funds and
the results of the Service's financial operations. If they are
unable to express an unqualified opinion they shall state and
explain in detail the reasons for their qualifications,
disclaimer, or opinion including recommendations necessary to
make possible future unqualified opinions.

(e)  The books, records, and accounts of the Service are
subject to audit by the State.

(f)  Any officer or employee who refuses to give the
required assistance and information to the accountants selected
by the Service or by the State, or who refuses to submit to them
for examination the books, documents, records, files, accounts,
papers, things, or property required for the audit, in the
discretion of the Service, may be required to forfeit his office
or employment.

(G) ANY MONEYS RECEIVED BY THE SERVICE FROM STATE AGENCIES
FOR GOODS OR SERVICES PROVIDED BY THE SERVICE IN ACCORDANCE WITH
AGREEMENTS WITH THOSE AGENCIES SHALL BE DEPOSITED AND CREDITED TO
THE FUNDS CREATED UNDER THIS SUBTITLE.

[3-128.

(a) The Service may create and establish one or more reserve
funds to be known as debt service reserve funds, and may pay into
the debt service reserve funds (1) any money appropriated and
made available by the State for the purpose of the funds, (2) any
proceeds of sale of notes or bonds, to the extent provided in the
resolution of the Service authorizing the issuance thereof, and
(3) any other money available to the Service for the purpose of
the funds from any other source or sources. The money held in or
credited to any debt service reserve fund established under this
section, except as hereinafter provided, shall be solely for the
payment of the principal of bonds of the Service secured by that
debt service reserve fund as the same become due, the purchase of
the bonds of the Service, the payment of interest on the bonds of
the Service, or the payment of any redemption premium required to
be paid when the bonds are redeemed prior to maturity; but the
Service may provide that money in any fund not be withdrawn

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