Terms Used In Montana Code > Title 20 > Chapter 26 > Part 6 - Scholarship Programs

• Accredited: means a school that is accredited by the board of public education pursuant to 20-7-102. See Montana Code 20-26-603
• 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
• Board: means the board of regents of higher education created by Article X, section 9(2), of the Montana constitution. See Montana Code 20-26-603
• Board of public education: means the board created by Article X, section 9, subsection (3), of the Montana constitution and 2-15-1507. See Montana Code 20-1-101
• Board of regents: means the board of regents of higher education created by Article X, section 9, subsection (2), of the Montana constitution and 2-15-1505. See Montana Code 20-1-101
• Commissioner: means the commissioner of higher education created by Article X, section 9, subsection (2), of the Montana constitution and 2-15-1506. See Montana Code 20-1-101
• 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 a separate detailed account of receipts and expenditures for a specific purpose as authorized by law or by the superintendent of public instruction under the provisions of subsection (2). See Montana Code 20-9-201
• 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.
• Postsecondary institution: means :

  (a)a unit of the Montana university system, as defined in 20-25-201;

  (b)a Montana community college, defined and organized as provided in 20-15-101; or

  (c)an accredited tribal college located in the state of Montana. See Montana Code 20-26-603

• Regents: means the board of regents of higher education. See Montana Code 20-1-101
• Scholarship: means a payment toward the cost of attendance at a qualifying postsecondary institution, rounded up to the nearest dollar. See Montana Code 20-26-603
• school: means an institution for the teaching of children that is established and maintained under the laws of the state of Montana at public expense. See Montana Code 20-6-501
• 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
• STEM or health care major: means a major that is related to science, technology, engineering, mathematics, or health care. See Montana Code 20-26-603
• System: means the Montana university system. See Montana Code 20-1-101
• Title IV: refers to Title IV of the Higher Education Act of 1965, as amended. See Montana Code 20-26-603
• University: means the university of Montana-Missoula. See Montana Code 20-1-101