§ 2-101
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/md/state-finance-and-procurement/2-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§2–101.
(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.