§ 2-101. Fiscal year

Latest version.

   (a) In general. -- 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) Use required. -- 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.

HISTORY: An. Code 1957, art. 19, § 29, art. 81, § 2, 29A; 1985, ch. 11, § 2.

                    
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