Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 21-120

  • 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
(a) On or before December 15 of each year, the Executive Director shall submit a report to the Board of Trustees about the operation and performance of the State Retirement Agency during the fiscal year that ended on the preceding June 30.

(b) The report shall include data on all commissions the State Retirement Agency paid on investments during that fiscal year.

(c) The Board of Trustees may:

(1) prescribe the format of the report; and

(2) require any information it considers appropriate.