§ 2-101. Fiscal year

MD State Fin & Pro Code § 2-101 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    The fiscal year for the State and its officers and units begins on July 1 of a calendar year and ends on June 30 of the next calendar year.

(b)    Each officer and unit of the State government shall use the fiscal year for:

(1)    appropriating money;

(2)    authorizing expenditures;

(3)    keeping records;

(4)    balancing books and accounts; and

(5)    making reports.