| The Adjutant General shall ensure the accurate and timely |
| maintenance of books, records, accounts and other evidences of |
| the financial transactions of all the authority's activities in |
| accordance with accounting standards established by a |
| governmental accounting standards board and the State Controller. |
| Books and records must be open to inspection and audit by the |
| Maine National Guard, the State Auditor and the Federal |
| Government audit in conjunction with federal contracts, |
| agreements, grants or cooperative agreements but are otherwise |
confidential and not subject to Title 1, chapter 13, subchapter I |
| 1. The State Auditor shall periodically conduct an audit of the |
| financial records of the authority and report the results of the |
| audit to the Adjutant General, the State Controller, the Governor |
| and the Legislature. The Adjutant General may maintain the |
| required books, records, accounts and other evidences of the |
| financial transactions of all of the authority's activities or |
| enter into service agreements or contracts with departments and |
| agencies of State Government for that purpose. |