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