Maryland HB1422 establishes requirements for chief financial officers in state government units, including qualifications, documentation, and.
Maryland HB1422 sets qualifications for chief financial officers in state government units receiving at least $2 billion annually in state and federal funding. These officers must be certified public accountants with years of experience in fiscal management or have documented experience in high-level management positions. The bill mandates that these officers ensure financial information accuracy, certify it to the Comptroller, and provide necessary entries for the annual comprehensive financial report.
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