Maryland Business Occupations and Professions Section 11-508

      (a)      The Association shall submit to the Board:

            (1)      an annual financial audit of payments to pilots under § 11-505 of this subtitle; and

            (2)      an annual financial audit of the Maintenance and Replacement Fund under § 11-506 of this subtitle.

      (b)      The Board shall keep copies of the financial audits received under subsection (a) of this section.