Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 13. STATE-OPERATED FINANCIAL PROGRAMS |
SUBTITLE 10. CANAL PLACE PRESERVATION AND DEVELOPMENT AUTHORITY |
PART II. CANAL PLACE PRESERVATION AND DEVELOPMENT AUTHORITY |
§ 13-1010. Duties of Authority
Latest version.
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The Authority shall:
(1) Administer the Heritage Area in accordance with this subtitle;
(2) Subject to § 13-1011 of this subtitle, develop a management plan for the Heritage Area;
(3) Preserve or assist in the preservation of buildings, structures, and settings of historic value in the Heritage Area;
(4) Conduct activities to educate the public about the history and significance of the Heritage Area;
(5) Provide for recreational uses of the Heritage Area for both active and passive pursuits;
(6) Facilitate economic development in the Heritage Area through public and private investment in adaptive reuse, interpretative attractions, or other activities;
(7) To the extent practicable, consult and coordinate its activities with the states of West Virginia and Pennsylvania and appropriate regional entities;
(8) Keep records consistent with sound business practices and accounting records consistent with generally accepted accounting principles;
(9) Cause an audit by an independent licensed certified public accountant to be made of the accounts and transactions of the Authority at the conclusion of each fiscal year;
(10) Be subject to audit and examination at any reasonable time by the Office of Legislative Audits of the Department of Legislative Services concerning the accounts and transactions of the Authority; and
(11) For inclusion for informational purposes in the State budget book, submit annually to the Department of Budget and Management a budget reflecting the operating and capital program of the Authority.
HISTORY: 1993, ch. 544; 1994, ch. 3, § 3; 1996, ch. 349, § 13; 1997, ch. 635, § 9; ch. 636, § 9; 2001, ch. 556.