Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 31-303

  • 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 withdrawal and transfer under § 31-302 of this subtitle takes effect at the end of the State‘s fiscal year.