Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 6-217

  • 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.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
The account that the Comptroller keeps for the Treasurer shall:

(1) charge the Treasurer with:

(i) the money that is in the State Treasury when a fiscal year begins; and

(ii) money that, on warrant, is paid into the State Treasury during the fiscal year; and

(2) credit the Treasurer with money that, on warrant, is paid from the State Treasury.