Section 3. Fiscal year

1.  The  current  fiscal year of the state which
  commenced with the first day of July,  nineteen  hundred  forty-two,  is
  hereby  abridged  and  shall  end  with  the  thirty-first day of March,
  nineteen hundred forty-three. For all  purposes  of  determining  annual
  increments  of  state employees pursuant to the education law, the civil
  service law or other state law, and for all  purposes  whenever  by  law
  some act is to be performed or time is to be measured by the fiscal year
  of  the  state, the current fiscal year, as so abridged, shall be deemed
  to be a full  year  unless  the  context  clearly  requires  a  contrary
  construction.
    On and after the first day of April, nineteen hundred forty-three, the
  fiscal  year  of  the  state, for the purpose of budget, appropriations,
  receipts and disbursements of state moneys and all other  state  affairs
  which  are  regulated  in  accordance  with  or  based  on fiscal years,
  including the fiscal affairs  of  all  state  departments,  commissions,
  boards,  agencies,  offices and institutions, shall begin with the first
  day of April and end with the next following thirty-first day of March.
    2. All books and accounts in the offices of the  comptroller  and  the
  department  of  taxation  and finance shall be kept by fiscal years. All
  annual accounts required to be rendered to the comptroller  or  to  such
  department  by  any  person  shall  be closed on the thirty-first day of
  March in each year, and be rendered as soon thereafter  as  practicable,
  if no time is specially prescribed by law.
    3.  Where any statute provides, in terms or effect, that any inventory
  or account, or a report relating in whole or in  part  to  receipts  and
  disbursements  of money, be made to the legislature or any state officer
  annually, or for a year, by a department, commission, board, or  officer
  under  the  state government, such inventory or account, and such report
  so far as it relates to such receipts and disbursements,  shall  be  for
  the  preceding  fiscal  year,  unless  the  calendar  year  be expressly
  mentioned.
    4. Existing provisions of other laws  describing  or  referring  to  a
  fiscal  year  of  the  state  as  beginning  July  first and ending June
  thirtieth, or making any requirement with respect to such  fiscal  year,
  or  referring  to  any  year  so  beginning  and ending which applies to
  inventories or accounts in state matters,  or  to  reports  relating  to
  state money or property, shall be deemed modified by and be construed in
  connection  with  this section, and be deemed to refer to a fiscal or to
  another year or period beginning and ending as herein prescribed  for  a
  fiscal year.