Montana Code 90-7-102. Definitions
90-7-102. Definitions. As used in this chapter, unless the context requires otherwise, the following definitions apply:
Terms Used In Montana Code 90-7-102
- Authority: means the Montana facility finance authority created in 2-15-1815. See Montana Code 90-7-102
- 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.
- Costs: means costs allowed under 90-7-103. See Montana Code 90-7-102
- Eligible facility: means any eligible facility as defined in 90-7-104. See Montana Code 90-7-102
- Institution: means any public or private:
(i)nonprofit hospital, corporation, or other organization authorized to provide or operate an eligible facility in this state;
(ii)nonprofit prerelease center, corporation, or other organization authorized to operate a prerelease center in this state; or
(iii)for-profit or nonprofit corporation or other organization authorized to provide for or to operate a project or a facility with qualified small issue bond financing pursuant to section 144(a) of the Internal Revenue Code, 26 U. See Montana Code 90-7-102
- 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.
- Revenue: means , with respect to eligible facilities, the rents, fees, charges, interest, principal repayments, and other income received or to be received by the authority from any source on account of the eligible facilities. See Montana Code 90-7-102
- 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
(1)”Authority” means the Montana facility finance authority created in 2-15-1815.
(2)”Capital reserve account” means the account established in 90-7-317.
(3)”Costs” means costs allowed under 90-7-103.
(4)”Eligible facility” means any eligible facility as defined in 90-7-104.
(5)(a) “Institution” means any public or private:
(i)nonprofit hospital, corporation, or other organization authorized to provide or operate an eligible facility in this state;
(ii)nonprofit prerelease center, corporation, or other organization authorized to operate a prerelease center in this state; or
(iii)for-profit or nonprofit corporation or other organization authorized to provide for or to operate a project or a facility with qualified small issue bond financing pursuant to section 144(a) of the Internal Revenue Code, 26 U.S.C. § 144(a).
(b)The term also includes the following, provided that the entity is a nonprofit entity or is controlled by one or more nonprofit entities:
(i)a network of health care providers, regardless of how it is organized;
(ii)an integrated health care delivery system;
(iii)a joint venture or partnership between or among health care providers;
(iv)a purchasing alliance composed of health care providers;
(v)any health insurers and third-party administrators that are participants in a system, network, joint venture, or partnership that provides health services through one or more health facilities.
(6)”Participating institution” means an institution that undertakes the financing, refunding, or refinancing of obligations on the construction or acquisition of an eligible facility pursuant to the provisions of this chapter.
(7)”Revenue” means, with respect to eligible facilities, the rents, fees, charges, interest, principal repayments, and other income received or to be received by the authority from any source on account of the eligible facilities.