# State Finance and Procurement (GSF)

## Title 2. General Provisions

### Subtitle 1. Finances

#### Section 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.

#### Section 2-102

(a) On or before the 10th day of each regular session of the General Assembly, the Comptroller shall submit to the Governor and, subject to Sec. 2-1257 of the State Government Article, to the General Assembly an annual report on the fiscal operations of the State.

(b) The report shall state:

  (1) for the fiscal year in which the report is made:

    (i) the estimated State revenues; and

    (ii) the estimated State expenditures; and

  (2) for the preceding fiscal year:

    (i) the total State funds;

    (ii) the total State revenues;

    (iii) the amount of revenues that the State received from each source;

    (iv) the total State expenditures;

    (v) the purposes of the expenditures;

    (vi) each amount that the State claims is due from a political subdivision;

    (vii) each amount that the State claims is due from an officer of a political subdivision who, by law, collects revenues for the State;

    (viii) the total funds, from all State sources, that the State transferred to each political subdivision; and

    (ix) the amount of those transferred funds, as calculated for each $100 of assessed value of property in a political subdivision.

#### Section 2-103

After each regular session of the General Assembly, the Comptroller shall deliver to the printer who is designated to print the session laws an accurate statement of receipts and expenditures of public money for the last full fiscal year preceding that session.

#### Section 2-104

(a) On or before January 1 of each year, the Treasurer shall submit an annual report to the Governor and, subject to Sec. 2-1257 of the State Government Article, to the General Assembly.

(b)

  (1) The report shall describe the activities and operation of the Office of the Treasurer during the preceding fiscal year.

  (2) The report shall include:

    (i) a statement on the management of State funds;

    (ii) a statement on the interest earned on investments; and

    (iii) a statement on the administration of the State Insurance Program and the State Insurance Trust Fund, including any recommendations for changes in their operation.

#### Section 2-106

(a)

  (1) In this section the following words have the meanings indicated.

  (2) "Bond" means any evidence of debt.

  (3) "Official" includes:

    (i) a comptroller;

    (ii) a chief financial officer; and

    (iii) a treasurer.

  (4) "Public body" means:

    (i) a unit of the State government; or

    (ii) a county, municipal corporation, public corporation, special authority, or other political subdivision of the State.

(b) If a public body is authorized to incur debt to be redeemed from the proceeds of any tax or levy, an authorized official of the public body shall submit to the State Treasurer:

  (1) on or before January 1 of each year, a report on bonds anticipated to be issued during the next 7-month period; and

  (2) on or before July 1 of each year, a report on bonds anticipated to be issued during the next 7-month period.

(c)

  (1) A report under this section shall be in the form the State Treasurer requires.

  (2) The report shall include:

    (i) a statement of the amount of bonds that the public body expects to issue during the period that the report covers; and

    (ii) for each issue of bonds, a statement of:

      (1) the month and part of the month during which the bonds will be issued;

      (2) the term for which the bonds will be outstanding; and

      (3) whether the bonds will be sold at a public or private sale.

(d)

  (1) The State Treasurer shall prepare:

    (i) on or before January 31 of each year, a compilation of the information in the reports submitted for the current January 1 to July 31 period; and

    (ii) on or before July 31 of each year, a compilation of the information in the reports submitted for the current July 1 to January 31 period.

  (2) The compilation shall include any additions or corrections to the information in the reports.

  (3) The State Treasurer shall send a copy of the compilation to each official who submitted a report included in the compilation.

(e) The State Treasurer shall:

  (1) make the reports and compilations available for inspection during normal business hours; and

  (2) provide a copy of a report or compilation to any person who first pays to the State Treasurer a fee to cover costs.

(f)

  (1) An official is not personally liable for failure to submit a report under this section.

  (2) Failure to submit the report or to comply with other requirements of this section does not affect:

    (i) the authority of a public body to incur debt; or

    (ii) the validity of any debt that the public body incurs.

#### Section 2-107

(a) As provided by the Comptroller by regulation, each unit of State government that imposes fees of any kind shall maintain and make available to the Comptroller up-to-date data regarding:

  (1) the services or functions for which fees are imposed and the associated levels of the fees; and

  (2) a comparison of the actual revenues generated by the fees and the total costs of providing the service or performing the function for which the fees are imposed.

(b) The Comptroller shall prepare and submit to the Governor and, subject to Sec. 2-1257 of the State Government Article, the General Assembly, on a biennial basis on or before December 1 of every other year, a report compiling the data made available to the Comptroller under subsection (a) of this section.

(c)

  (1) The Comptroller shall adopt regulations to implement this section.

  (2) The regulations adopted by the Comptroller under paragraph (1) of this subsection shall specify:

    (i) that the data required for the Maryland Port Administration of the Department of Transportation shall be the data included in the port tariff;

    (ii) that the Maryland Aviation Administration and the Maryland Port Administration shall disclose aggregate information on fees and costs, provided that such disclosure does not include information that is proprietary in nature; and

    (iii) that any other department, agency, or governmental unit which collects fees or user charges that may contain privileged or proprietary information may aggregate or standardize the information submitted as needed to preserve the sensitive nature of the information.

#### Section 2-108

(a) A unit of State government may not knowingly use public funds to influence the decisions of State employees to:

  (1) support or oppose an employee organization that represents or seeks to represent the employees of the unit of State government; or

  (2) become a member of an employee organization.

(b) This section does not apply to an activity performed or to an expense incurred in connection with:

  (1) addressing a grievance or negotiating or administering a collective bargaining agreement;

  (2) allowing an employee organization or a representative of an employee organization access to and use of State facilities or properties;

  (3) performing an activity required by federal or State law or a collective bargaining agreement;

  (4) negotiating, entering into, or carrying out a voluntary recognition agreement with an employee organization; or

  (5) paying wages to a represented employee while the employee is performing duties if the payment is permitted under a collective bargaining agreement.

---

Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)