Ch. 5                                       2003 LAWS OF MARYLAND

In subsection (c)(1) of this section, the reference to a "special" fund is
substituted for the former reference to a "continuing" fund for consistency
with similar provisions throughout this article that relate to the status of
funds.

In subsection (d)(2) of this section, the former reference to "[a]mounts
received as" repayments on loans is deleted as surplusage.

In subsection (e) of this section, the former reference to adopting
regulations "in accordance with Title 10, Subtitle 1 of the State
Government Article" is deleted as surplusage. Regulations of the Executive
Branch of State government are adopted in accordance with these
provisions in any event.

Also in subsection (e) of this section, the former reference to regulations
"necessary" to administer the Fund is deleted as surplusage.

Defined terms: "Department" § 8-201
"Fund" § 8-201

8-203. SAME — AUDITS.

(A)     AUTHORITY OF COMPTROLLER.

THE COMPTROLLER MAY AUDIT THE FINANCIAL AFFAIRS OF THE ASSOCIATION
TO ENSURE COMPLIANCE WITH THIS SUBTITLE.

(B)     FINANCIAL STATEMENTS FROM VOLUNTEER COMPANIES.

(1)      THE DEPARTMENT SHALL REQUIRE EACH VOLUNTEER COMPANY
RECEIVING MONEY UNDER THIS SUBTITLE TO SUBMIT WITHIN 90 DAYS AFTER
RECEIPT OF THE EQUIPMENT OR BENEFICIAL OCCUPANCY:

(I)      FINANCIAL STATEMENTS FOR THE FISCAL YEAR IN WHICH THE
MONEY WAS RECEIVED; AND

(II)     DOCUMENTATION OF ACTUAL EXPENDITURES.

(2)      EACH VOLUNTEER COMPANY RECEIVING MONEY UNDER THIS
SUBTITLE SHALL FORWARD THE FINANCIAL STATEMENTS AND DOCUMENTATION
REQUIRED UNDER PARAGRAPH (1) OF THIS SUBSECTION, SUBJECT TO § 2-1246 OF
THE STATE GOVERNMENT ARTICLE, TO THE LEGISLATIVE AUDITOR.

(C)     REVIEW BY LEGISLATIVE AUDITOR

THE LEGISLATIVE AUDITOR SHALL:

(1) REVIEW THE FINANCIAL STATEMENTS AND DOCUMENTATION
SUBMITTED IN ACCORDANCE WITH SUBSECTION (B) OF THIS SECTION TO
DETERMINE IF THE MONEY WAS SPENT IN ACCORDANCE WITH THE REQUEST FOR
MONEY APPROVED BY THE BOARD OF PUBLIC WORKS; AND

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