Maryland Financial Institutions Section 13-719

      In addition to the duties set forth elsewhere in this subtitle, the Authority shall:

            (1)      Keep records as are consistent with sound business practices and accounting records using generally accepted accounting principles;

            (2)      Cause an audit by an independent certified public accountant to be made of the accounts and transactions of the Authority at the conclusion of each fiscal year;

            (3)      Be subject to audit and examination at any reasonable time of the accounts and transactions of the Authority by the Office of Legislative Audits of the Department of Legislative Services;

            (4)      Submit a detailed annual report of the activities and financial standing of the Authority to the Governor, and subject to § 2-1246 of the State Government Article, to the General Assembly;

            (5)      Submit annually a budget reflecting the operating and capital program of the Authority to the Department of Budget and Management for inclusion for informational purposes in the State budget book;

            (6)      Submit a report prepared in cooperation with the State Lottery Agency and the Department of Budget and Management on the effect of the lotteries conducted under § 9-120.1 of the State Government Article on the lottery revenues earned for the General Fund;

            (7)      Submit annually a report prepared in cooperation with the Office of the Comptroller and the Department of Budget and Management on the additional tax revenues generated by the Baltimore Convention Center facility;

            (8)      Submit annually a report prepared in cooperation with the Office of the Comptroller and the Department of Budget and Management on the additional tax revenues generated by the Ocean City Convention Center facility;

            (9)      Submit annually a report prepared in cooperation with the Office of the Comptroller and the Department of Budget and Management on the additional tax revenues generated by the Montgomery County Conference Center facility; and

            (10)      Submit annually a report prepared in cooperation with the Office of the Comptroller and the Department of Budget and Management on the additional tax revenues generated by the Hippodrome Performing Arts Center facility.