§ 2–101

Statutes in effect as of October 1, 2026.

Md. Code Ann., State Fin. & Proc. § 2-101 (2026)

Title 2. General Provisions

Subtitle 1. Finances

(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.