Maryland Code, LABOR AND EMPLOYMENT 10-320
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Terms Used In Maryland Code, LABOR AND EMPLOYMENT 10-320
- 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) The State Treasurer annually shall submit to the Director for the Fund a statement that:
(1) for the fiscal year for which the statement is made:
(i) states the balance of the Fund on the last day of the year;
(ii) states the income of the Fund; and
(iii) summarizes the payments from the Fund; and
(2) states the balance of the Fund on the last day of the preceding fiscal year.
(b) On or before October 1 of each year, the Board shall submit to the Governor and, subject to § 2-1257 of the State Government Article, the General Assembly an annual report that includes a detailed statement of the balances and expenses of the Fund.