1. (a) The State Treasurer annually shall submit to the Director for the Fund a statement that:

   1. (1) for the fiscal year for which the statement is made:

      1. (i) states the balance of the Fund on the last day of the year;
      2. (ii) states the income of the Fund; and
      3. (iii) summarizes the payments from the Fund; and
   2. (2) states the balance of the Fund on the last day of the preceding fiscal year.
2. (b) On or before October 1 of each year, the Board shall submit to the Governor and, subject to § 2-1257 of the State Government Article, the General Assembly an annual report that includes a detailed statement of the balances and expenses of the Fund.

Added by Acts 1991, c. 8, § 2, eff. Oct. 1, 1991. Amended by Acts 2015, c. 58, § 1, eff. June 1, 2015; Acts 2019, c. 8, § 5.

Formerly Art. 101, §§ 91, 92.