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Terms Used In Maine Revised Statutes Title 5 Sec. 1674

  • 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.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Each department or agency of State Government that is authorized to expend more than $25,000 on a single project in any fiscal year on the construction, repair or improvement of state-owned real property shall prepare and submit a departmental indirect cost allocation proposal to the Commissioner of Administrative and Financial Services prior to that expenditure. These proposals must be on file in the Department of Administrative and Financial Services. [PL 1991, c. 780, Pt. Y, §50 (AMD).]
The commissioner may promulgate rules necessary to carry out this section. [PL 1985, c. 195, §§1,2 (NEW).]
SECTION HISTORY

PL 1985, c. 195, §§1,2 (NEW). PL 1985, c. 785, §A60 (AMD). PL 1991, c. 780, §Y50 (AMD).