Terms Used In Montana Code > Title 53 > Chapter 18 - Self-Sufficiency Trusts

• 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
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Authority: means :

  (a)a municipal or regional airport authority as provided in Title 67, chapter 11;

  (b)a conservancy district as provided in Title 85, chapter 9;

  (c)a conservation district as provided in Title 76, chapter 15;

  (d)a drainage district as provided in Title 85, chapter 8;

  (e)an irrigation district as provided in Title 85, chapter 7;

  (f)a hospital district as provided in Title 7, chapter 34, part 21;

  (g)a water conservation and flood control district as provided in Title 76, chapter 5, part 11;

  (h)a county water and sewer district as provided in Title 7, chapter 13, part 22; or

  (i)an urban transportation district as provided in Title 7, chapter 14, part 2. See Montana Code 7-3-122

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• 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 public health and human services provided for in 2-15-2201. See Montana Code 53-18-101
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• form: means one of the types of local government enumerated in 7-3-102 and the type of government described in 7-3-111. See Montana Code 7-3-122
• Governing body: means the commission or the town meeting legislative body established in the alternative form of a local government under Title 7, chapter 3, parts 1 through 7. See Montana Code 7-3-122
• Self-sufficiency trust: means a trust created by a nonprofit corporation that is a 501(c)(3) organization under the Internal Revenue Code, 26 U. See Montana Code 53-18-101
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}