290.0 VIII-7.30 - POLICY ON RESPONSES TO LEGISLATIVE AUDITS
(Approved by the Board of Regents, July 26, 1990)
1. The Chief Executive Officer of an institution or component
is responsible for preparing a response to a legislative
audit of the institution or component and submitting the
response to the Chancellor.
2. The Chancellor or designee shall coordinate all responses to
legislative audits of each institution or component of the
University of Maryland System and submit such responses to
the Legislative Auditor within the required time schedule.
3. In the event an institution or component of the University
System receives a "Poor" or "Very Poor" legislative audit
rating, the President or Director shall make a presentation
to the Finance Committee of the Board of Regents addressing
the audit problems and the planned corrective actions.
Replacement for: BOR VI - 32.00