Terms Used In Utah Code > Title 63J > Chapter 2 - Revenue Procedures and Control Act

• Agency: means each department, commission, board, council, agency, institution, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state. See Utah Code 63J-2-102
• 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
• 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.
• Dedicated credits: means the same as that term is defined in Section 63J-1-102. See Utah Code 63J-2-102
• Fiduciary: A trustee, executor, or administrator.
• 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.
• Independent agency: means the Utah State Retirement Office and the Utah Housing Corporation. See Utah Code 63J-2-102
• Insurance: includes :
            (96)(b)(i) a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;
            (96)(b)(ii) a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and
            (96)(b)(iii) a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Program: means the same as that term is defined in Section 63J-1-102. See Utah Code 63J-2-102
• Revenue types: means the categories established by the Division of Finance under the authority of this chapter that classify revenue according to the purpose for which it is collected. See Utah Code 63J-2-102
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5