(a) Payment to Secretary-Treasurer. Unless otherwise provided in the resolution authorizing any issuance of bonds under this title, or unless otherwise provided by the indenture of trust that secures the bonds, all moneys received by the Authority from whatever source derived shall be paid to the Secretary- Treasurer of the Authority.
(b) Deposit of funds. The Secretary-Treasurer shall deposit all moneys in one or more banks or trust companies in one or more special accounts. Funds on deposit to a special account shall be invested at all times in accordance with the requirements applicable to the County for the investment of public funds.
(c) Payment from accounts. The moneys in such accounts shall be paid out on the warrant or other order of the Chair of the Authority, or of another person authorized by the Authority to execute warrants or orders.
(d) Annual audited financial statements. Each year the Authority shall publish audited financial statements prepared in accordance with generally accepted accounting principles. A copy of the audit shall be delivered to the County Executive, the County Council, and to any other persons named to receive the audit in the resolution that authorized the issuance of the bonds or in the trust indenture that secures them.
(e) Publication of financial statement. A concise financial statement of the Authority shall be published annually in a newspaper of general circulation in the County.
(f) Examination of books, accounts, and records. The County Attorney, Controller, or County Auditor may examine the books, accounts, and records of the Authority.
(1985 Code, Art. 2, § 11-217) (Bill No. 28-97; Bill No. 17-00)