Montana Code 17-5-1604. Definitions
17-5-1604. Definitions. As used in this part, the following definitions apply:
Terms Used In Montana Code 17-5-1604
- Board: means the board of investments created in 2-15-1808. See Montana Code 17-5-1604
- 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.
- Department: means the department of commerce created in 2-15-1801. See Montana Code 17-5-1604
- Reserve fund: means the municipal finance consolidation act reserve fund created in 17-5-1630. See Montana Code 17-5-1604
- 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)”Board” means the board of investments created in 2-15-1808.
(2)”Department” means the department of commerce created in 2-15-1801.
(3)”Eligible government unit” means:
(a)any municipal corporation or political subdivision of the state, including without limitation any city, town, county, school district, authority as defined in 75-6-304, or other special taxing district or assessment or service district authorized by law to borrow money;
(b)the state, any board, agency, or department of the state, or the board of regents of the Montana university system when authorized by law to borrow money; or
(c)an Indian tribal government, in accordance with 17-1-702.
(4)”Reserve fund” means the municipal finance consolidation act reserve fund created in 17-5-1630.