Terms Used In Montana Code > Title 53 > Chapter 30 > Part 5 - Regional Correctional Facility Act

• 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.
• Corporation: means an entity organized and existing pursuant to Title 35, chapter 1 or 2, and approved or designated by a local governmental entity. See Montana Code 53-30-503
• Department: means the department of corrections. See Montana Code 53-30-503
• 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.
• Interlocal cooperation commission: means a commission established in accordance with Title 7, chapter 11, part 2. See Montana Code 53-30-503
• 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}
• Local governmental entity: means :

  (a)a local governmental unit;

  (b)a multijurisdictional service district; or

  (c)an interlocal cooperation commission. See Montana Code 53-30-503

• Multijurisdictional service district: means a district established in accordance with Title 7, chapter 11, part 10. See Montana Code 53-30-503
• 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.
• 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: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
• Property: means real and personal property. See Montana Code 1-1-205
• Regional correctional facility: means a facility for the housing of persons charged with or convicted of a criminal offense that is a joint detention center and correctional facility and that is designed, constructed, or operated under this part by a local governmental entity, a corporation, the department, or any combination of a local governmental entity, a corporation, and the department. See Montana Code 53-30-503
• 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