Md. Code Regs. 19A.06.03.03

Current through Register Vol. 51, No. 12, June 14, 2024

Section 19A.06.03.03 - Trust Implementation and Monitoring

A. Within 30 days after certification of a trust by the Commission, the official or employee shall file with the Commission a:

(1) Certified copy of the executed trust instrument of the trust; and

(2) List of the holdings transferred to the trust with the value of each as of the date of transfer.

B. The list of holdings provided pursuant to §A(2) of this regulation shall be available for public inspection and copying in accordance with State Government Article, § 15-606, Annotated Code of Maryland.

C. The trustee shall, within 30 days after the end of any calendar year in which the trust is in effect, submit a Certificate of Compliance to the Commission on a form established by the Commission certifying the trust's continued compliance with the provisions of this chapter.

D. The trustee shall maintain the books of account and other records of the trust and copies of the trust's tax returns, and make them available for inspection and copying at the times requested by the Commission or the Commission's staff.

Md. Code Regs. 19A.06.03.03