(a) Each year, an independent auditor approved by the State shall audit the books and records of the Trust.
(b) At its discretion, the State may audit the books and records of the Trust.
(c) The Trust shall pay the expense of an audit conducted under this section.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 7 - Maryland Venture Capital Trust
Section 10-702 - Legislative Findings; Intent
Section 10-703 - Construction of Subtitle
Section 10-705 - Board of Trustees
Section 10-706 - Applicability of Other Laws
Section 10-708 - Preferred Proposals
Section 10-709 - Seed Capital Investments