Terms Used In Montana Code > Title 2 > Chapter 9 > Part 8 - Bonds of City Officers and Employees

• Agency: means all offices, departments, boards, commissions, institutions, universities, colleges, and any other person or any other administrative unit of state government that spends or encumbers public money by virtue of an appropriation from the legislature under 17-8-101. See Montana Code 17-7-102
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Approving authority: means :

  (a)the governor or the governor's designated representative for executive branch agencies;

  (b)the chief justice of the supreme court or the chief justice's designated representative for judicial branch agencies;

  (c)the speaker for the house of representatives;

  (d)the president for the senate;

  (e)appropriate legislative committees or a designated representative for legislative branch agencies; or

  (f)the board of regents of higher education or its designated representative for the university system. See Montana Code 17-7-102

• Balanced budget: A budget in which receipts equal outlays.
• Base budget: means the resources for the operation of state government that are of an ongoing and nonextraordinary nature in the current biennium. See Montana Code 17-7-102
• Budget amendment: means a temporary appropriation as provided in Title 17, chapter 7, part 4. See Montana Code 17-7-102
• Budget stabilization reserve: means the amount of unappropriated fund balance in the budget stabilization reserve fund up to 16% of all general revenue appropriations in the second year of the biennium. See Montana Code 17-7-102
• Contract: A legal written agreement that becomes binding when signed.
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Emergency: means a catastrophe, disaster, calamity, or other serious unforeseen and unanticipated circumstance that has occurred subsequent to the time that an agency's appropriation was made, that was clearly not within the contemplation of the legislature and the governor, and that affects one or more functions of a state agency and the agency's expenditure requirements for the performance of the function or functions. See Montana Code 17-7-102
• Fiduciary: A trustee, executor, or administrator.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• General revenue appropriations: means appropriations from the general fund or the school equalization and property tax reduction account in 20-9-336. See Montana Code 17-7-102
• Health care: has the meaning provided in 50-16-504. See Montana Code 17-6-602
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
• Necessary: means essential to the public welfare and of a nature that cannot wait until the next legislative session for legislative consideration. See Montana Code 17-7-102
• New proposals: means requests to provide new nonmandated services, to change program services, to eliminate existing services, or to change sources of funding. See Montana Code 17-7-102
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Operating reserve: means an amount equal to 8. See Montana Code 17-7-102
• Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
• Present law base: means that level of funding needed under present law to maintain operations and services at the level authorized by the previous legislature, including but not limited to:

  (a)changes resulting from legally mandated workload, caseload, or enrollment increases or decreases;

  (b)changes in funding requirements resulting from constitutional or statutory schedules or formulas;

  (c)inflationary or deflationary adjustments; and

  (d)elimination of nonrecurring appropriations. See Montana Code 17-7-102

• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
• Program: means a principal organizational or budgetary unit within an agency. See Montana Code 17-7-102
• Programs for tobacco disease prevention: means programs of services administered by the state for the purposes of informing individuals of the health risks of tobacco use and exposure to secondhand tobacco smoke, assisting persons in the avoidance of tobacco products use, and assisting individuals in cessation of tobacco use. See Montana Code 17-6-602
• Property: means real and personal property. See Montana Code 1-1-205
• Public defender: Represent defendants who can't afford an attorney in criminal matters.
• Requesting agency: means the agency of state government that has requested a specific budget amendment. See Montana Code 17-7-102
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
• Tobacco products: means a substance intended for human use that contains tobacco and includes but is not limited to cigarettes, cigars, smoking tobacco, and tobacco intended for use in an oral or nasal cavity. See Montana Code 17-6-602
• Trust fund: means the Montana tobacco settlement trust fund authorized by Article XII, section 4, of the Montana constitution and implemented through this part. See Montana Code 17-6-602
• Writing: includes printing. See Montana Code 1-1-203