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2007 Laws of Maryland
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Ch.3
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(1) AN AUDIT UNDER THIS SECTION SHALL BE CONDUCTED WHERE THE
ACCOUNTS OF THE CORPORATION ARE NORMALLY KEPT.
(2) IF OWNED OR IN USE BY THE CORPORATION AND NECESSARY TO
FACILITATE THE AUDIT, THE CORPORATION SHALL MAKE AVAILABLE TO THE
AUDITOR ALL:
(I) BOOKS;
(II) ACCOUNTS;
(III) FINANCIAL RECORDS;
(IV) REPORTS;
(V) FILES; AND
(VI) OTHER PAPERS OR PROPERTY.
(3) FULL FACILITIES FOR VERIFYING TRANSACTIONS WITH THE
BALANCES AND SECURITIES HELD BY DEPOSITORIES, FISCAL AGENTS, AND
CUSTODIANS SHALL BE AVAILABLE TO THE AUDITORS.
(C) REPORT.
THE REPORT OF THE ANNUAL AUDIT SHALL:
(1) BE SUBMITTED TO THE GOVERNOR, THE DEPARTMENT OF BUDGET
AND MANAGEMENT AND, SUBJECT TO § 2-1246 OF THE STATE GOVERNMENT
ARTICLE, THE GENERAL ASSEMBLY; AND
(2) BE AVAILABLE FOR PUBLIC INSPECTION DURING BUSINESS HOURS
AT THE PRINCIPAL OFFICE OF THE CORPORATION.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 10, § 45K(a).
In subsection (b)(1) of this section, the reference to an audit "under this
section" is added for clarity.
Also in subsection (b)(1) of this section, the former phrase "at the place or
places" is deleted as surplusage.
In subsection (b)(2) of this section, the word "owned" is substituted for the
former words "belonging to" for brevity and clarity.
Also in subsection (b)(2) of this section, the word "auditor" is substituted
for the former words "person or persons conducting the audit" for brevity.
In subsection (c)(1) of this section, the words "submitted to" are substituted
for the former words "filed with" for clarity.
The Human Services Article Review Committee notes, for consideration by
the General Assembly, that the meaning of subsection (b)(3) of this section
and § 11-408(b)(3) of this subtitle is unclear. The General Assembly may
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- 570 -
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