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Ch. 240
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PARRIS N. GLENDENING, Governor
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(3) THE AUDIT OF THE FINANCIAL STATEMENT, IF AN AUDIT WAS
CONDUCTED.
47D.
(A) (1) THE BOARD ESTABLISHED BY THE ASSOCIATION UNDER § 47C OF
THIS SUBTITLE SHALL REVIEW EACH LOAN REQUEST RECEIVED BY A VOLUNTEER
AMBULANCE, FIRE, OR RESCUE COMPANY IN ACCORDANCE WITH CRITERIA
DEVELOPED UNDER § 47C OF THIS SUBTITLE.
(2) THE BOARD SHALL RECOMMEND TO THE ASSOCIATION THE
APPROVAL OR REJECTION OF EACH LOAN REQUEST.
(3) (I) THE ASSOCIATION MAY AGREE OR DISAGREE WITH THE
BOARD'S RECOMMENDATION.
(II) IF THE BOARD RECOMMENDS TO THE ASSOCIATION THAT A
LOAN REQUEST BE REJECTED AND THE ASSOCIATION AGREES, THE ASSOCIATION
SHALL PROMPTLY SEND A WRITTEN NOTICE TO THE VOLUNTEER AMBULANCE, FIRE,
OR RESCUE COMPANY INFORMING THE COMPANY THAT THE REQUEST HAS BEEN
REJECTED.
(III) IF THE BOARD RECOMMENDS TO THE ASSOCIATION THAT A
LOAN REQUEST BE APPROVED AND THE ASSOCIATION AGREES, THE ASSOCIATION
SHALL SUBMIT THE LOAN REQUEST TO THE BOARD OF PUBLIC WORKS FOR
APPROVAL.
(B) UPON FINAL APPROVAL BY THE BOARD OF PUBLIC WORKS, THE LOAN
SHALL BE MADE TO THE REQUESTING VOLUNTEER AMBULANCE, FIRE, OR RESCUE
COMPANY.
47E.
(A) THE ASSOCIATION SHALL SUBMIT AN. ANNUAL REPORT TO THE
DEPARTMENT OF BUDGET AND MANAGEMENT AND TO THE BOARD OF PUBLIC
WORKS TO INCLUDE THE FOLLOWING INFORMATION;
(1) THE NUMBER OF LOANS MADE DURING THE FISCAL YEAR;
(2) THE ENTITIES THAT RECEIVED A LOAN AND THE AMOUNT OF THE
LOAN DURING THE FISCAL YEAR; AND
(3) THE SPECIFIC PURPOSE FOR GRANTING EACH LOAN DURING THE
FISCAL YEAR.
(B) THE REPORT SHALL BE DUE ON AUGUST 30 OF EACH FISCAL YEAR.
VOLUNTEER COMPANY ASSISTANCE FUND
46.
(A) (1) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
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- 1515 -
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