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Code · Maryland · Housing and Community Development

§ 16-209

101 words·~1 min read·/md/housing-and-community-development/16-209

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§16–209.
(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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