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Terms Used In Maryland Code, HUMAN SERVICES 5-5B-08

  • 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.
(a) The Governor shall provide sufficient funds in the budget to ensure that the value of the maximum monthly allowable assistance under the Program is equal to at least:

(1) for fiscal year 2020, $215;

(2) for fiscal year 2021, 74% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2021;

(3) for fiscal year 2022, 78% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2022;

(4) for fiscal year 2023, 82% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2023;

(5) for fiscal year 2024, 86% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2024;

(6) for fiscal year 2025, 90% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2025;

(7) for fiscal year 2026, 94% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2026; and

(8) for fiscal year 2027 and each year thereafter, 100% of the monthly allowable benefit for a one-person household receiving temporary cash assistance through the Family Investment Program for that fiscal year.

(b) Assistance shall be paid to the applicant monthly.