---
kind: "section"
citation: "7 C.F.R. § 948.103"
title: "7"
number: "948.103"
heading: "Fiscal period."
url: "https://uscodex.org/cfr/7/948.103"
---

# §948.103. Fiscal period.


Pursuant to [§ 948.10](/cfr/7/948.10.md), the fiscal periods for each area shall be as follows:

- (a) **Area No.** 1 and Area No. 3 shall begin July 1 and end June 30, of the following year, both dates inclusive;
- (b) **Area No.** 2 shall begin September 1 and end August 31, of the following year, both dates inclusive. The 1986-87 fiscal period which began July 1, 1986, will be extended two months to August 31, 1987.

## Notes

### Amendments

[52 FR 12515, Apr. 17, 1987]

### Source

Source: 26 FR 5219, June 10, 1961, unless otherwise noted. Redesignated at 26 FR 12751, Dec. 30, 1961.

### Authority

Authority: 7 U.S.C. 601-674.

### Amendments

[52 FR 12515, Apr. 17, 1987]