Montana Code 7-34-2138. Hospital district capital replacement fund
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7-34-2138. Hospital district capital replacement fund. (1) A hospital district may establish a capital replacement fund. The fund may be used only for the replacement of property, plant facilities, or equipment. The cost of such capital equipment must exceed $5,000 and have a life expectancy of 5 years or more.
Terms Used In Montana Code 7-34-2138
- 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.
- Property: means real and personal property. See Montana Code 1-1-205
(2)A capital replacement fund established under subsection (1) may not exceed 10% of the total value of the hospital’s property, plant facilities, and equipment at the end of a fiscal year.