Terms Used In Michigan Laws > Chapter 550 > Act 350 of 1980 > Part 1

• 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
• Archives: means the archives of Michigan. See Michigan Laws 399.802
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Center: means the Michigan history center. See Michigan Laws 399.802
• Commission: means the Michigan historical commission created in section 3 of the Michigan historical commission act, 2016 PA 469, MCL 399. See Michigan Laws 399.802
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Department: means the department of natural resources. See Michigan Laws 399.802
• Dependent: A person dependent for support upon another.
• Director: means the director of the department. See Michigan Laws 399.802
• Ex officio: Literally, by virtue of one's office.
• 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.
• Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. ^{Source: OCC}
• Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Museum: means the Michigan history museum. See Michigan Laws 399.802
• Operations fund: means the Michigan history center operations fund created in section 8. See Michigan Laws 399.802
• Oversight: Committee review of the activities of a Federal agency or program.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
• Publications fund: means the Michigan heritage publications fund created in section 5. See Michigan Laws 399.802
• Quorum: The number of legislators that must be present to do business.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Rule: means a rule promulgated pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24. See Michigan Laws 399.802
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
• Store: means the retail store operated by the center. See Michigan Laws 399.802
• United States: shall be construed to include the district and territories. See Michigan Laws 8.3o