Md. Code, State Fin. & Proc. § 2-101

Current with changes from the 2024 Legislative Session

Section 2-101 - Fiscal 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.

(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.

Md. Code, SF § 2-101