| | | The Adjutant General shall ensure the accurate and timely | | maintenance of books, records, accounts and other evidences of | | the financial transactions of all the authority's activities in | | accordance with accounting standards established by a | | governmental accounting standards board and the State Controller. | | Books and records must be open to inspection and audit by the | | Maine National Guard, the State Auditor and the Federal | | Government audit in conjunction with federal contracts, | | agreements, grants or cooperative agreements but are otherwise | confidential and not subject to Title 1, chapter 13, subchapter I | | 1. The State Auditor shall periodically conduct an audit of the | | financial records of the authority and report the results of the | | audit to the Adjutant General, the State Controller, the Governor | | and the Legislature. The Adjutant General may maintain the | | required books, records, accounts and other evidences of the | | financial transactions of all of the authority's activities or | | enter into service agreements or contracts with departments and | | agencies of State Government for that purpose. |
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| | | Sec. 11. 37-B MRSA §396, as enacted by PL 2001, c. 374, §8, is | | amended to read: |
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| | | The Adjutant General shall establish a budget for the | | authority and shall present that budget to the Governor and the | Legislature. Budget development and presentation to the Governor | and the Legislature must be in the form used by a body corporate | and politic and an instrumentality of the State. |
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| | | Sec. 12. 37-B MRSA §398, as enacted by PL 2001, c. 374, §8, is | | repealed. |
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| | | Sec. 13. 37-B MRSA §399, as enacted by PL 2001, c. 374, §8, is | | amended to read: |
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| | | Revenue generated by the authority must first be used to | | support the operation of the authority, including segregation of | money for future capital repairs. All other unexpended balances | may | | as identified by the State Controller may be transferred at any | time prior to the closing of the books to any other non-General | Fund state account of | Bureau, including, but not limited to, | repair | | National Guard tuition assistance. |
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