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Terms Used In Maryland Code, HUMAN SERVICES 8-503

  • 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 Fund:

(1) consists of money appropriated, transferred, credited, or paid into the Fund from any source; and

(2) includes money for out-of-home care and services to prevent out-of-home placements.

(b) At the end of each fiscal year any unspent money in the Fund shall revert to the General Fund.