Terms Used In Montana Code 20-6-813

• Contract: A legal written agreement that becomes binding when signed.
• district: means the territory, regardless of county boundaries, organized under the provisions of this title to provide public educational services under the jurisdiction of the trustees prescribed by this title. See Montana Code 20-6-101
• 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.
• 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}
• Located school district: means the school district in which a proposed, preoperational, or operational public charter school is located and from which the separate boundaries of the charter school district are proposed to be formed. See Montana Code 20-6-803
• Property: means real and personal property. See Montana Code 1-1-205
• Public charter school: means a public school that:

  (a)has autonomy over decisions including but not limited to matters concerning finance, personnel, scheduling, curriculum, and instruction as defined in a charter contract;

  (b)is governed by a local school board or, in the case of a governing board other than a local school board, by the governing board of the charter school district of which the charter school is a part;

  (c)is established and operated under the terms of a charter contract;

  (d)allows parents choose to enroll their children;

  (e)admits students on the basis of a lottery if more students apply for admission than can be accommodated;

  (f)provides a program of education that may include any or all grades from kindergarten through grade 12 and vocational education programs;

  (g)operates in pursuit of a specific set of educational objectives as defined in its charter contract;

  (h)operates under the general supervision of the board of public education in accordance with its charter contract; and

  (i)if the school is a high school, establishes graduation requirements and has authority to award degrees and issue diplomas. See Montana Code 20-6-803

• school: means an institution for the teaching of children that is established and maintained under the laws of the state of Montana at public expense. See Montana Code 20-6-501
• University: means the university of Montana-Missoula. See Montana Code 20-1-101