Terms Used In Montana Code > Title 18 > Chapter 4 > Part 4 - Cooperative Purchasing

• Contract: A legal written agreement that becomes binding when signed.
• Cooperative purchasing: means procurement conducted by or on behalf of more than one public procurement unit. See Montana Code 18-4-401
• 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.
• 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}
• Public procurement unit: means a local or state public procurement unit of this or any other state, including an agency of the United States, or a tribal procurement unit. See Montana Code 18-4-401
• 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
• State public procurement unit: means a state department, agency, or official that expends public funds for the procurement of supplies and services. See Montana Code 18-4-401
• Tribal procurement unit: means a tribal government, tribal entity, or official of a tribal government located in Montana that expends tribal funds or funds administered by a tribe for the procurement of supplies and services to the extent provided by tribal or federal law. See Montana Code 18-4-401
• United States: includes the District of Columbia and the territories. See Montana Code 1-1-201