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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LAND USE |
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DIVISION II. MARYLAND-NATIONAL CAPITAL PARK AND PLANNING COMMISSION. |
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TITLE 15. COMMISSION. |
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SUBTITLE 1. ORGANIZATION AND GENERAL AUTHORITY OF COMMISSION. |
§ 15-115. Powers and duties -- Financial reports.
Latest version.
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(a) Annual financial report. --
(1) The Commission shall prepare an annual financial report.
(2) The annual financial report shall:
(i) include the financial statements of the Commission; and
(ii) be audited by an independent certified public accountant.
(3) The Commission shall make the audited annual financial report available for distribution to the public.
(b) Summary financial report. --
(1) After the audit is completed, the Commission shall publish a summary financial report consisting of a combined statement of revenues and expenditures for all funds:
(i) in at least one newspaper of general circulation published in Montgomery County; and
(ii) 1. in the newspapers officially designated by the Prince George's County government as newspapers of record; or
2. in the absence of a designation of a newspaper of record, in at least one newspaper of general circulation published in Prince George's County.
(2) The publication of the summary financial report shall carry appropriate references to the Commission's audited annual financial report.