Illinois Compiled Statutes 70 ILCS 1925/5-85 – Fiscal year
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Terms Used In Illinois Compiled Statutes 70 ILCS 1925/5-85
- 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.
The Authority shall designate its fiscal year.