# State Finance and Procurement (GSF)

## Title 2. General Provisions

### Subtitle 1. Finances

#### 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.

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