Illinois Code § 40 ILCS 5/12-116

Fiscal year.
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"Fiscal year": For periods prior to July 1, 2012, the year commencing with July 1st and ending with June
30th next following. Beginning January 1, 2013, the year commencing January 1 and ending December 31. The fiscal year which begins July 1, 2012 shall end December 31, 2012.

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