Terms Used In Montana Code > Title 15 > Chapter 32 - Energy-Related and Ecological Tax Incentives

• Alternative energy system: means the generation system or equipment used to convert energy sources into usable sources using fuel cells that do not require hydrocarbon fuel, geothermal systems, low-emission wood or biomass, wind, photovoltaics, geothermal, small hydropower plants under 1 megawatt, and other recognized nonfossil forms of energy generation. See Montana Code 15-32-102
• Amortization: Paying off a loan by regular installments.
• 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
• Building: means :

  (a)a single or multiple dwelling, including a mobile home or manufactured home; or

  (b)a building used for commercial, industrial, or agricultural purposes that is enclosed with walls and a roof. See Montana Code 15-32-102

• Capital investment: means any material or equipment purchased and installed in a building or land with or without improvements. See Montana Code 15-32-102
• 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.
• Energy conservation purpose: means one or both of the following results of an investment:

  (a)reducing the waste or dissipation of energy; or

  (b)reducing the amount of energy required to accomplish a given quantity of work. See Montana Code 15-32-102

• Inorganic fertilizer produced as a byproduct: means enriched mine tailings, kiln dust, and reject rock that have been processed for use in increasing soil condition and fertility and includes soil amendments as that term is defined in 80-10-101. See Montana Code 15-32-302
• Local government: means a city, town, county, consolidated city-county, special district, or school district or a subdivision of one of these entities. See Montana Code 2-6-1002
• Organic fertilizer: means raw organic matter that has been processed and aged for use in increasing soil condition and fertility and includes soil amendments as that term is defined in 80-10-101. See Montana Code 15-32-302
• 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.
• Passive solar system: means a direct thermal energy system that uses the structure of a building and its operable components to provide heating or cooling during the appropriate times of the year by using the climate resources available at the site. See Montana Code 15-32-102
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
• Public record: means public information that is:

  (a)fixed in any medium and is retrievable in usable form for future reference; and

  (b)designated for retention by the state records committee, judicial branch, legislative branch, or local government records committee. See Montana Code 2-6-1002

• Raw organic matter: means unprocessed plant or animal waste products. See Montana Code 15-32-302
• Recognized nonfossil forms of energy generation: means :

  (a)a system that captures energy or converts energy sources into usable sources, including electricity, by using:

  (i)solar energy, including passive solar systems;

  (ii)wind;

  (iii)solid waste;

  (iv)the decomposition of organic wastes;

  (v)geothermal;

  (vi)fuel cells that do not require hydrocarbon fuel; or

  (vii)an alternative energy system;

  (b)a system that produces electric power from biomass or solid wood wastes; or

  (c)a small system that uses water power by means of an impoundment that is not over 20 acres in surface area. See Montana Code 15-32-102

• Records manager: means an individual designated by a public agency to be responsible for coordinating the efficient and effective management of the agency's public records and information. See Montana Code 2-6-1002
• State records committee: means the state records committee provided for in 2-6-1107. See Montana Code 2-6-1002
• Writing: includes printing. See Montana Code 1-1-203