Maryland Code, PUBLIC SAFETY 8-206
Terms Used In Maryland Code, PUBLIC SAFETY 8-206
- County: means a county of the State or Baltimore City. See
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- including: means includes or including by way of illustration and not by way of limitation. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) the number and total amount of grants and the number and total amount of loans made in the previous fiscal year;
(2) for each grant or loan made:
(i) the volunteer company that received the grant or loan;
(ii) the amount of the grant or loan; and
(iii) the specific purpose of making the grant or loan;
(3) for each volunteer company that received a grant or loan:
(i) the financial statement of the volunteer company for the previous fiscal year or the year in which the grant or loan was received, whichever is available; and
(ii) documentation of the volunteer company’s actual expenditures from the grant or loan;
(4) for each loan made, the terms of the loan, including origination date, loan term, payment terms, payment amount, payments made to date, outstanding balance, and loan status; and
(5) summary listings of grants and loans made during the previous fiscal year and outstanding loans, by county.
(b) The Department shall:
(1) review the documentation submitted in accordance with subsection (a) of this section on an annual basis to determine if each grant or loan was spent in accordance with this subtitle and the request approved by the Board of Public Works; and
(2) report the findings to the Senate Budget and Taxation Committee and the House Appropriations Committee on an annual basis.
(c) The Legislative Auditor may:
(1) review the documentation submitted in accordance with subsection (a) of this section to determine if each grant or loan was spent in accordance with this subtitle and the requests approved by the Board of Public Works; and
(2) report the findings to the Department and, subject to § 2-1257 of the State Government Article, to the Joint Audit and Evaluation Committee of the General Assembly.
(d) The Comptroller may audit the financial affairs of the Association to ensure compliance with this subtitle.