Current with changes from the 2024 Legislative Session
Section 11-313 - Financial disclosure by licensees(a) The Commission shall require a licensee, and each officer or stockholder of a licensee, to disclose to the Commission each financial interest that the person has in racing.(b) On or before the 90th day following the end of a licensee's fiscal year, the licensee shall submit to the Commission in the form that the Commission requires: (1) an itemized statement under oath for the preceding fiscal year of receipts from all sources and of all expenses and disbursements, including salaries of officers, attorney fees, and lobbying expenses; and(2) a certified audit by a certified public accountant of the financial records of the licensee for the preceding fiscal year.(c) The audited statements of all licensees shall be sent to the Governor and, subject to § 2-1257 of the State Government Article, to the General Assembly.Amended by 2016 Md. Laws, Ch. 49,Sec. 1, eff. 7/1/2016.