1076

LAWS OF MARYLAND

Ch. 11

SECTION 3. AND BE IT FURTHER ENACTED, That Section(s) 25(o)
and (p), respectively, of Article 1 - Rules of Interpretation, of
the Annotated Code of Maryland be renumbered to be Section(s)
25(p) and (q), respectively.

SECTION 4. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article 1 - Rules of Interpretation

22. "GIFT" DEFINED.

IN A STATUTE THAT PERMITS A GIFT TO OR FOR THE USE OF THE
STATE OR ANY OF ITS OFFICERS OR UNITS, "GIFT" INCLUDES AN INTER
VIVOS GIFT, INTER VIVOS ENDOWMENT, BEQUEST, DEVISE, LEGACY, OR
TESTAMENTARY ENDOWMENT OF ANY INTEREST IN REAL OR PERSONAL
PROPERTY.

REVISOR'S NOTE: Chapter ___, Acts of 1985, which enacted

the State Finance and Procurement Article, also
repealed former Art. 1, § 22 and enacted this section,
which is derived without substantive change from
former Art. 1, § 22(a).

Former Art. 1, § 22(b) now appears in SF § 2-201.

25.

(O) A SECTION OF THE STATE FINANCE AND PROCUREMENT ARTICLE

MAY BE CITED AS: "§ ____ OF THE STATE FINANCE AND PROCUREMENT

ARTICLE".

Article 24 - Political Subdivisions - Miscellaneous

Provisions

Title 1. Definitions; GENERAL PROVISIONS.

1-102. FISCAL YEAR.

(A)  IN GENERAL.

THE FISCAL YEAR FOR EACH COUNTY, MUNICIPAL CORPORATION, AND
SPECIAL TAXING DISTRICT IN THE STATE BEGINS ON JULY 1 OF A
CALENDAR YEAR AND ENDS ON JUNE 30 OF THE NEXT CALENDAR YEAR.

(B)  USE REQUIRED.

EACH COUNTY, MUNICIPAL CORPORATION, AND SPECIAL TAXING
DISTRICT SHALL USE THE FISCAL YEAR FOR:

(1) APPROPRIATING MONEY;