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Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 3-207

  • 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 Department shall adopt regulations that are necessary to carry out the purpose of this subtitle.

(b) (1) Annually, on or before December 1, the Department shall make a written report to the Governor and, subject to § 2-1257 of the State Government Article, to the General Assembly on the financial status of the Fund and its operations for the preceding fiscal year.

(2) The report shall include the types and amount of:

(i) insurance reserves;

(ii) insurance issued;

(iii) premiums charged; and

(iv) claims made.