Terms Used In Utah Code > Title 51 > Chapter 10 > Part 2 - Administration of Navajo Trust Fund

• Administrative expenditure: means :
       (1)(a) an expenditure for professional services;
       (1)(b) per diem and travel expenses for the board and the Diné Advisory Committee; and
       (1)(c) expense reimbursements, salaries, and benefits for the trust administrator and the trust administrator's staff. See Utah Code 51-10-102
• Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
• Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Board: means the board of trustees created in Section 51-10-202. See Utah Code 51-10-102
• Committee membership: Legislators are assigned to specific committees by their party. Seniority, regional balance, and political philosophy are the most prominent factors in the committee assignment process.
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Fund: means the Navajo Trust Fund created in Section 51-10-201. See Utah Code 51-10-102
• Income: means the revenues from investments made by the state treasurer of the fund principal. See Utah Code 51-10-102
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
• Navajos: means San Juan County, Utah, Navajos. See Utah Code 51-10-102
• Office of Trust Administrator: means the office created in Section 51-10-203. See Utah Code 51-10-102
• Person: means :
       (24)(a) an individual;
       (24)(b) an association;
       (24)(c) an institution;
       (24)(d) a corporation;
       (24)(e) a company;
       (24)(f) a trust;
       (24)(g) a limited liability company;
       (24)(h) a partnership;
       (24)(i) a political subdivision;
       (24)(j) a government office, department, division, bureau, or other body of government; and
       (24)(k) any other organization or entity. See Utah Code 68-3-12.5
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• Principal: means :
       (10)(a) the balance of the fund as of July 1, 2015; and
       (10)(b) the revenue to the fund from whatever source except income. See Utah Code 51-10-102
• Property: includes both real and personal property. See Utah Code 68-3-12.5
• Quorum: The number of legislators that must be present to do business.
• Service provider: means any of the following that provides a good or service to Navajos:
       (11)(a) a business enterprise;
       (11)(b) a private nonprofit organization; or
       (11)(c) a government entity. See Utah Code 51-10-102
• 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.
• Signature: includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code 68-3-12.5
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
• Statute: A law passed by a legislature.
• Trust administrator: means the trust administrator selected as provided in Subsection 51-10-202(2). See Utah Code 51-10-102
• Trustee: A person or institution holding and administering property in trust.
• United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
• Utah Navajo Chapter: means one of the following chapters of the Navajo Nation:
       (13)(a) Aneth Chapter;
       (13)(b) Mexican Water Chapter;
       (13)(c) Naatsis'áán Chapter;
       (13)(d) Oljato Chapter;
       (13)(e) Dennehotso Chapter;
       (13)(f) Red Mesa Chapter; and
       (13)(g) Teec Nos Pos Chapter. See Utah Code 51-10-102