Maryland § 10-1123

§ 10-1123.

    (a)    (1)    On or before October 1 each year, the Corporation shall report to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly.

        (2)    The report required under this subsection shall include:

            (i)    a complete operating and financial statement covering the Corporation’s operations;

            (ii)    a summary of the Corporation’s activities during the preceding fiscal year;

            (iii)    information on all salaries and any incentives approved by the Board for Corporation employees;

            (iv)    information on outreach, training, mentorship, support, and investment in minority– and women–owned qualified businesses, including support for marketing by the Maryland Small Business Development Financing Authority;

            (v)    information on entities that have current investments and entities that received funding or investments in the current year on:

                1.    the principal business operations;

                2.    the number of employees in the State and the number of employees outside the State;

                3.    the capital or other investments made in the State; and

                4.    the proposed and actual job creation or capital investment in the State as a result of the investment or support;

            (vi)    information on the creation of and appointments made to an advisory committee and the responsibilities of the advisory committee and members of the committee; and

            (vii)    the policies of the Board and any changes to existing policies.

    (b)    (1)    On a quarterly basis, the Corporation shall report to the Governor and, in accordance with § 2–1257 of the State Government Article, the Joint Audit and Evaluation Committee and the General Assembly.

        (2)    The report required under this subsection shall include a list of the businesses and projects receiving support through programs administered by the Corporation, including those receiving investments made under § 21–123.2 of the State Personnel and Pensions Article.

        (3)    The list of businesses and projects receiving support shall include for each:

            (i)    the number of employees in the State;

            (ii)    the number of employees outside the State;

            (iii)    the capital or other investments made in the State; and

            (iv)    proposed job creation or capital investment in the State as a result of the investment or support.

    (c)    The Corporation shall publish annual financial statements, audit reports, and policies of the Board visibly on its website.