(a) Each year, as required by the Secretary, St. Mary’s College of Maryland shall report to the Maryland Higher Education Commission on all assessment and accountability guidelines set by the Maryland Higher Education Commission.
(b) In addition to the duties set forth elsewhere in this subtitle, St. Mary’s College of Maryland shall:
(1) Keep records that 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 College at the conclusion of each fiscal year; and
(3) Be subject to audit and examination at any reasonable time of the accounts, investments, and transactions of the College by the Office of Legislative Audits of the Department of Legislative Services.
Structure Maryland Statutes
Division III - Higher Education
Title 14 - Morgan State University and St. Mary's College of Maryland
Subtitle 4 - St. Mary's College of Maryland
Section 14-402 - Board of Trustees -- Established; Members; Quorum
Section 14-403 - Board of Trustees -- Officers; Meetings
Section 14-405 - Fiscal Matters
Section 14-406 - Waiver of Tuition for Senior Citizens
Section 14-407 - Reports; Records; Audits
Section 14-408 - Personnel System
Section 14-409 - Nonvisual Access Clause for Procurement of Computer-Based Instructional Technology
Section 14-410 - Tuition Freeze
Section 14-411 - Desousa-Brent Scholars Completion Grant Established