Terms Used In Utah Code > Title 20A > Chapter 11 > Part 5 - Political Party Registration and Financial Reporting Requirements

• 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
• Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
• Chief election officer: means :

  (a)	the lieutenant governor for state office candidates, legislative office candidates, officeholders, political parties, political action committees, corporations, political issues committees, state school board candidates, judges, and labor organizations, as defined in Section 20A-11-1501; and

  (b)

  the county clerk for local school board candidates. See Utah Code 20A-11-101 City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5 Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant. Contract: A legal written agreement that becomes binding when signed. Contribution: means any of the following when done for political purposes: (i)  a gift, subscription, donation, loan, advance, or deposit of money or anything of value given to the filing entity; (ii)  an express, legally enforceable contract, promise, or agreement to make a gift, subscription, donation, unpaid or partially unpaid loan, advance, or deposit of money or anything of value to the filing entity; (iii)  any transfer of funds from another reporting entity to the filing entity; (iv)  compensation paid by any person or reporting entity other than the filing entity for personal services provided without charge to the filing entity; (v)  remuneration from: (A)  any organization or its directly affiliated organization that has a registered lobbyist; or (B)  any agency or subdivision of the state, including school districts; (vi)  a loan made by a candidate deposited to the candidate's own campaign; and (vii)  in-kind contributions. See Utah Code 20A-11-101 Convention: means the political party convention at which party officers and delegates are selected. See Utah Code 20A-1-102 County political party: means , for each registered political party, all of the persons within a single county who, under definitions established by the political party, are members of the registered political party. See Utah Code 20A-11-101 County political party officer: means a person whose name is required to be submitted by a county political party to the lieutenant governor in accordance with Section 20A-8-402. See Utah Code 20A-11-101 Detailed listing: means : (a)  for each contribution or public service assistance: (i)  the name and address of the individual or source making the contribution or public service assistance, except to the extent that the name or address of the individual or source is unknown; (ii)  the amount or value of the contribution or public service assistance; and (iii)  the date the contribution or public service assistance was made; and (b)  for each expenditure: (i)  the amount of the expenditure; (ii)  the goods or services acquired by the expenditure; and (iii)  the date the expenditure was made. See Utah Code 20A-11-101 Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial. Election: means each: (a)  regular general election; (b)  regular primary election; and (c)  special election at which candidates are eliminated and selected. See Utah Code 20A-11-101 Election officer: means : (a)  the lieutenant governor, for all statewide ballots and elections; (b)  the county clerk for: (i)  a county ballot and election; and (ii)  a ballot and election as a provider election officer as provided in Section 20A-5-400. See Utah Code 20A-1-102 Expenditure: means any of the following made by a reporting entity or an agent of a reporting entity on behalf of the reporting entity: (i)  any disbursement from contributions, receipts, or from the separate bank account required by this chapter; (ii)  a purchase, payment, donation, distribution, loan, advance, deposit, gift of money, or anything of value made for political purposes; (iii)  an express, legally enforceable contract, promise, or agreement to make any purchase, payment, donation, distribution, loan, advance, deposit, gift of money, or anything of value for political purposes; (iv)  compensation paid by a filing entity for personal services rendered by a person without charge to a reporting entity; (v)  a transfer of funds between the filing entity and a candidate's personal campaign committee; (vi)  goods or services provided by the filing entity to or for the benefit of another reporting entity for political purposes at less than fair market value; or (vii)  an independent expenditure, as defined in Section 20A-11-1702. See Utah Code 20A-11-101 Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller. Financial statement: includes any summary report, interim report, verified financial statement, or other statement disclosing contributions, expenditures, receipts, donations, or disbursements that is required by this chapter or 2. See Utah Code 20A-11-101 Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC Fraud: Intentional deception resulting in injury to another. Individual: means a natural person. See Utah Code 20A-11-101 Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC Interim report: means a report identifying the contributions received and expenditures made since the last report. See Utah Code 20A-11-101 Land: includes :Utah Code 68-3-12.5 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 Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity. 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. Party committee: means any committee organized by or authorized by the governing board of a registered political party. See Utah Code 20A-11-101 Person: means :Utah Code 68-3-12.5 Political party: means an organization of registered voters that has qualified to participate in an election by meeting the requirements of Chapter 8, Political Party Formation and Procedures. See Utah Code 20A-1-102 Political purposes: means an act done with the intent or in a way to influence or tend to influence, directly or indirectly, any person to refrain from voting or to vote for or against any: (a)  candidate or a person seeking a municipal or county office at any caucus, political convention, or election; or (b)  judge standing for retention at any election. See Utah Code 20A-11-101 Property: includes both real and personal property. See Utah Code 68-3-12.5 Receipts: means contributions and public service assistance. See Utah Code 20A-11-101 Registered political party: means an organization of voters that: (a)  participated in the last regular general election and polled a total vote equal to 2% or more of the total votes cast for all candidates for the United States House of Representatives for any of its candidates for any office; or (b)  has complied with the petition and organizing procedures of Chapter 8, Political Party Formation and Procedures. See Utah Code 20A-11-101 Regular general election: means the election held throughout the state on the first Tuesday after the first Monday in November of each even-numbered year for the purposes established in Section 20A-1-201. See Utah Code 20A-1-102 Regular primary election: means the election, held on the date specified in Section 20A-1-201. See Utah Code 20A-1-102 Source: means the person or entity that is the legal owner of the tangible or intangible asset that comprises the contribution. See Utah Code 20A-11-101 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 Summary report: means the year end report containing the summary of a reporting entity's contributions and expenditures. See Utah Code 20A-11-101 Technical college: means an institution of higher education described in Subsection 53B-1-102(1)(b). See Utah Code 53B-1-101.5 Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5 Trustee: A person or institution holding and administering property in trust.