Section 2-101 - Fiscal year. - Maryland Statutes

§ 2-101. Fiscal year.
 

(a)  In general.- 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)  Use required.- 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. 
 

[An. Code 1957, art. 19, § 29, art. 81, §§ 2, 29A; 1985, ch. 11, § 2.]