### Question
How is the term fiscal year defined?


### Answer
The term **fiscal year** is defined in *7 U.S.C. § 948* as the following:

> the 12-month period ending on September 30 of the designated year

#### Citation:
  - *7 U.S.C. § 948*
  - Heading: **CHAPTER 31-RURAL ELECTRIFICATION AND TELEPHONE SERVICE > SUBCHAPTER IV-RURAL TELEPHONE BANK**

