Maryland HB129 requires nonprofit entities receiving public funding to report details to the Comptroller.

Maryland HB129 mandates that nonprofit entities receiving funding from the state, a county, or a municipality, or through local impact grants, must report specific information to the Comptroller. The report must include the amount of funding received, a description of its use, and any additional information required by the Comptroller. The Comptroller is then required to summarize these reports and present them to the General Assembly each year. The bill aims to ensure transparency in the use of public funds by nonprofit entities.

Maryland HB129 requires nonprofit entities receiving public funding to report details to the Comptroller.

Maryland HB129 mandates that nonprofit entities receiving funding from the state, a county, or a municipality, or through local impact grants, must report specific information to the Comptroller. The report must include the amount of funding received, a description of its use, and any additional information required by the Comptroller. The Comptroller is then required to summarize these reports and present them to the General Assembly each year. The bill aims to ensure transparency in the use of public funds by nonprofit entities.