Terms Used In Indiana Code 4-12-12-5

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
   Sec. 5. Money in the account at the end of a state fiscal year reverts to the state general fund.

As added by P.L.96-2004, SEC.17.