§ 16-101. Fiscal year

Latest version.

   (a) In general. -- The fiscal year for each county, municipality, or special taxing district begins on July 1 of a calendar year and ends on June 30 of the next calendar year.

(b) Use required. -- Each county, municipality, and special taxing district shall use the fiscal year for:

   (1) appropriating money;

   (2) authorizing expenditures; and

   (3) balancing books and accounts.

HISTORY: An. Code 1957, art. 24, § 1-102; 2013, ch. 119, § 2.

                    
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