2013 Maryland Code
HOUSING AND COMMUNITY DEVELOPMENT
§ 16-209 - Independent and County-sponsored audits


MD House & Comm Dev Code § 16-209 (2013) What's This?

§16-209.

(a) (1) The Montgomery Commission shall provide annually to the county government an audit of each housing project financed by bonds guaranteed by the county.

(2) The audit shall be done by:

(i) an independent certified public accountant licensed by the State; or

(ii) a firm of independent certified public accountants licensed by the State.

(3) The accountant or firm of accountants shall provide appropriate certified financial statements and a management letter on the financial soundness of the housing project.

(b) The county government may undertake financial and compliance audits on housing projects financed by bonds guaranteed under this subtitle.

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