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§ 2-101. Fiscal year, generally

West's Annotated Code of MarylandState Finance and Procurement

West's Annotated Code of Maryland
State Finance and Procurement
Division I. State Finance [Titles 1-10a] (Refs & Annos)
Title 2. General Provisions (Refs & Annos)
Subtitle 1. Finances (Refs & Annos)
MD Code, State Finance and Procurement, § 2-101
§ 2-101. Fiscal year, generally
Currentness
Start, end of year
(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.
Use
(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.

Credits

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985.
Formerly Art. 19, § 29, Art. 81, §§ 2, 29A.
MD Code, State Finance and Procurement, § 2-101, MD STATE FIN & PROC § 2-101
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document