Section 2-101 - Fiscal year.
§ 2-101. Fiscal year.
(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.
[An. Code 1957, art. 19, § 29, art. 81, §§ 2, 29A; 1985, ch. 11, § 2.]