Arizona Laws > Title 41 > Chapter 4.1 > Article 2 – Prescott Historical Society of Arizona
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Terms Used In Arizona Laws > Title 41 > Chapter 4.1 > Article 2 - Prescott Historical Society of Arizona
- 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
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes both real and personal property. See Arizona Laws 1-215