Terms Used In Maryland Code, NATURAL RESOURCES 8-1924

  • 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) On or before October 1 of each year, the Trust, in consultation with the Corps Board shall report to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly.

(b) The report shall include a complete operating and financial statement covering the operations of the Corps Board and a summary of the activities of the Corps Board during the preceding fiscal year.