Maryland Code, TRANSPORTATION 7-1103
Terms Used In Maryland Code, TRANSPORTATION 7-1103
- 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.
(b) A provider may use not more than 10% of the amount distributed to the provider under this subtitle for administrative costs, as determined by the Administration.
(c) Except as provided in subsection (d) of this section, the Administration shall distribute amounts made available for a fiscal year to implement this subtitle as follows:
(1) 70% of the funds shall be distributed to providers for use in urbanized areas; and
(2) 30% of the funds shall be distributed to providers for use in rural areas.
(d) The Administration may distribute funds:
(1) Under subsection (c)(1) of this section for rural projects if the Administration certifies that no eligible grant requests have been made in urbanized areas; and
(2) Under subsection (c)(2) of this section for urban projects if the Administration certifies that no eligible grant requests have been made in rural areas.