### Question
How is the term covered period defined?


### Answer
The term **covered period** is defined in *10 U.S.C. § 10504* as the following:

> the fiscal year beginning after the date on which a report is submitted under paragraph (1)

#### Citation:
  - *10 U.S.C. § 10504*
  - Heading: **Subtitle E-Reserve Components > PART I-ORGANIZATION AND ADMINISTRATION > CHAPTER 1011-NATIONAL GUARD BUREAU**

