§ 19. Records and reports.

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(a)

The Commission shall keep and preserve complete and accurate accounts and records of all monies received and disbursed by it and of all of its business and operations and of all property and funds owned or managed by it or under its control.

(b)

On or before the first day of December in each year, the Commission shall make an annual report of the activities of the district for the preceding fiscal year to the County Councils and County Executives of Montgomery County and Prince George's County. The report shall include a complete operating and financial statement covering the operations of the district during the year. The Commission shall cause an audit to be made of the books and accounts of the district at least once each year by certified public accountants. The cost of the audit shall be treated as an item of administrative expense.

(Laws 1965, Ch. 870, Sec. 1; Laws 1970, Ch. 467, Sec. 1; Laws 1963, Sec. 83A-19; Laws 1992, Ch. 22)

                    
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