Montana Code 17-5-801. Definitions
17-5-801. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
Terms Used In Montana Code 17-5-801
- Board: means the board of examiners provided for in 2-15-1007. See Montana Code 17-5-801
- Bonds: means general obligation bonds, notes, or other evidences of indebtedness issued in accordance with the provisions of this part. See Montana Code 17-5-801
- Department: means the department of administration created in 2-15-1001. See Montana Code 17-5-801
- Ex officio: Literally, by virtue of one's office.
- 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.
- 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
- Treasurer: means the ex officio state treasurer, referred to in 2-15-1002. See Montana Code 17-5-801
(1)”Board” means the board of examiners provided for in 2-15-1007.
(2)”Bond act” means an act approved by the vote of two-thirds of the members of each house of the legislature or by a majority of the electors voting thereon, authorizing the issuance of bonds for the purpose set forth therein and adopting this part by reference.
(3)”Bonds” means general obligation bonds, notes, or other evidences of indebtedness issued in accordance with the provisions of this part.
(4)”Capital projects account” means a separate general obligation bond and note account created within the capital projects fund type established in 17-2-102.
(5)”Costs” includes those expenses related to acquiring land; planning, design, and construction of capital projects and of buildings as defined in 18-2-101; or any other administrative expenses of the department, including legal fees, incurred in the performance of its duties under Title 18, chapter 2.
(6)”Debt service account” means a separate general obligation bond and note account created within the debt service fund type established in 17-2-102.
(7)”Department” means the department of administration created in 2-15-1001.
(8)”Treasurer” means the ex officio state treasurer, referred to in 2-15-1002.