Terms Used In West Virginia Code > Chapter 44B > Article 4 > Part 1 - Receipts From Entities

• Agency: means any state department, division, office, commission, authority, board or other unit authorized by law to enter into contracts for the provision of goods or services. See West Virginia Code 5A-3B-1
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• 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.
• Decedent: A deceased person.
• Donor: The person who makes a gift.
• Energy-conservation measures: means goods or services, or both, to reduce energy consumption operating costs of agency facilities. See West Virginia Code 5A-3B-1
• Energy-savings contract: means a performance-based contract for the evaluation and recommendation of energy operations conservation measures and for implementation of one or more measures. See West Virginia Code 5A-3B-1
• 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.
• Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
• 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}
• 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.
• Qualified provider: means a person, firm or corporation experienced in the design, implementation and installation of energy-conservation measures. See West Virginia Code 5A-3B-1
• State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
• Trustee: A person or institution holding and administering property in trust.