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Maryland State Finance and Procurement Section 2-101

Article - State Finance and Procurement

§ 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.