(a) The State Treasurer annually shall submit to the Director for the Fund a statement that: (1) for the fiscal year for which the statement is made: (i) states the balance of the Fund on the last day of the year; (ii) states the income of the Fund; and (iii) summarizes the payments from the Fund; and (2) states the balance of the Fund on the last day of the preceding fiscal year. (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.
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