# 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.

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