Md. Code, State Finance and Procurement § 2-101
Md. Code, State Finance and Procurement § 2-101
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=2-101&enactments=falseFetched: 10/17/2026