Maryland Financial Institutions Section 13-1010

Article - Financial Institutions

§ 13-1010.

      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.



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