# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 7. Maryland Venture Capital Trust

#### Section 10-712

(a) Each year, an independent auditor approved by the State shall audit the books and records of the Trust.

(b) At its discretion, the State may audit the books and records of the Trust.

(c) The Trust shall pay the expense of an audit conducted under this section.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)