# Financial Institutions (GFI)

## Title 13. State-Operated Financial Programs

### Subtitle 10. Canal Place Preservation and Development Authority

#### Section 13-1010

The Authority shall:

(1) Administer the Heritage Area in accordance with this subtitle;

(2) Subject to Sec. 13-1011 of this subtitle, develop a management plan for the Heritage Area;

(3) Preserve or assist in the preservation of buildings, structures, and settings of historic value in the Heritage Area;

(4) Conduct activities to educate the public about the history and significance of the Heritage Area;

(5) Provide for recreational uses of the Heritage Area for both active and passive pursuits;

(6) Facilitate economic development in the Heritage Area through public and private investment in adaptive reuse, interpretative attractions, or other activities;

(7) To the extent practicable, consult and coordinate its activities with the states of West Virginia and Pennsylvania and appropriate regional entities;

(8) Keep records consistent with sound business practices and accounting records consistent with generally accepted accounting principles;

(9) Cause an audit by an independent licensed certified public accountant to be made of the accounts and transactions of the Authority at the conclusion of each fiscal year;

(10) Be subject to audit and examination at any reasonable time by the Office of Legislative Audits of the Department of Legislative Services concerning the accounts and transactions of the Authority; and

(11) For inclusion for informational purposes in the State budget book, submit annually to the Department of Budget and Management a budget reflecting the operating and capital program of the Authority.

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