Terms Used In Utah Code > Title 51 > Chapter 5 - Funds Consolidation Act

• 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
• Appropriation: means a legislative authorization to make expenditures and to incur obligations for specific purposes. See Utah Code 51-5-3
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Board: means the Waste Management and Radiation Control Board created under Section 19-1-106. See Utah Code 19-6-1102
• Budgetary accounts: means those accounts necessary to reflect budgetary operations and conditions, such as estimated revenues, appropriations, and encumbrances. See Utah Code 51-5-3
• Computer: includes the following permanently affixed to or incorporated into a device described in Subsection (2)(a):

  (i)	a cable cord;

  (ii)	permanent wiring;

  (iii)

  a central processing unit; or

  (iv)

  a monitor. See Utah Code 19-6-1202 Consumer: means a person who owns or uses a covered electronic device that is purchased primarily for personal or home business use. See Utah Code 19-6-1202 Consumer electronic device: means the following products sold to a consumer: (a)  a computer; (b)  a computer peripheral; (c)  a television; or (d)  a television peripheral. See Utah Code 19-6-1202 Contract: A legal written agreement that becomes binding when signed. 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. Director: means the director of the Division of Waste Management and Radiation Control. See Utah Code 19-6-1102 Division: means the Division of Waste Management and Radiation Control created in Section 19-1-105. See Utah Code 19-6-1102 Encumbrances: means obligations in the form of purchase orders, contracts, or salary commitments that are chargeable to an appropriation and for which a part of the appropriation is reserved. See Utah Code 51-5-3 Expenditures: means decreases in net financial resources from other than interfund transfers, refundings of general long-term capital debt, and other items indicated by GASB. See Utah Code 51-5-3 Fiduciary: A trustee, executor, or administrator. Financial resources: includes cash, claims to cash such as taxes receivable, and claims to goods or services such as prepaids. See Utah Code 51-5-3 Fiscal period: means any period at the end of which a governmental unit determines its financial position and the results of its operations. See Utah Code 51-5-3 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. Function: means a group of related activities aimed at accomplishing a major service or regulatory program for which a governmental unit is responsible. See Utah Code 51-5-3 Fund: means an independent fiscal and accounting entity with a self-balancing set of accounts, composed of financial resources and other assets, all related liabilities and residual equities or balances and changes in those resources, assets, liabilities, and equities that, when recorded, are segregated for the purpose of carrying on specific activities or attaining certain objectives, according to special regulations, restrictions, or limitations. See Utah Code 51-5-3 GASB: means the Governmental Accounting Standards Board that is responsible for accounting standards used by public entities. See Utah Code 51-5-3 Governmental fund: includes the following types: General Fund, special revenue funds, debt service funds, capital projects funds, and permanent funds. See Utah Code 51-5-3 Highway: includes :Utah Code 68-3-12.5 Industrial byproduct: means an industrial residual, including: (i)  inert construction debris; (ii)  fly ash; (iii)  bottom ash; (iv)  slag; (v)  flue gas emission control residuals generated primarily from the combustion of coal or other fossil fuel; (vi)  residual from the extraction, beneficiation, and processing of an ore or mineral; (vii)  cement kiln dust; or (viii)  contaminated soil extracted as a result of a corrective action subject to an operation plan under 1. See Utah Code 19-6-1102 Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes. Land: includes :Utah Code 68-3-12.5 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 Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity. Manufacturer: means a person who: (a)  manufactures a consumer electronic device under a brand the person owns or is licensed to use; or (b)  assumes the responsibilities and obligations of a person described in Subsection (6)(a). See Utah Code 19-6-1202 Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year. Peripheral: means a keyboard, printer, or other device that: (a)  is sold exclusively for external use with a television or computer; and (b)  provides input into or output from a television or computer. See Utah Code 19-6-1202 Person: means an individual, trust, firm, estate, company, corporation, partnership, association, state, state or federal agency or entity, municipality, commission, or political subdivision of a state. See Utah Code 19-1-103 Postemployment: means that period of time following: (a)  the last day worked by an employee as a result of his long-term disability; or (b)  the date that an employee identifies as the date on which the employee intends to retire or terminate from state employment. See Utah Code 51-5-3 Postemployment benefits: means benefits earned by employees that will not be paid until postemployment, including unused vacation leave, unused converted sick leave, sick leave payments, and health and life insurance benefits as provided in Section 63A-17-501. See Utah Code 51-5-3 Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5 Proprietary funds: means those funds or subfunds that show actual financial position and the results of operations, such as actual assets, liabilities, reserves, fund balances, revenues, and expenses. See Utah Code 51-5-3 Public project: means a project of the Department of Transportation to construct: (a)  a highway or road; (b)  a curb; (c)  a gutter; (d)  a walkway; (e)  a parking facility; (f)  a public transportation facility; or (g)  a facility, infrastructure, or transportation improvement that benefits the public. See Utah Code 19-6-1102 Recycling: means the process of collecting and preparing electronic products for: (i)  use in a manufacturing process; or (ii)  recovery of reusable materials followed by delivery of reusable materials for use. See Utah Code 19-6-1202 Reuse: means to use an industrial byproduct in place of a raw material. See Utah Code 19-6-1102 Reuse: means electronic waste: (a)  that is tested and determined to be in good working order; and (b)  that is removed from the waste stream to use for the same purpose for which it was manufactured, including the continued use of the whole system or components. See Utah Code 19-6-1202 Revenue: means the increase in ownership equity during a designated period of time that is recognized as earned. See Utah Code 51-5-3 Road: includes :Utah Code 68-3-12.5 sale: means any transfer for consideration of title or of the right to use by lease or sales contract of a consumer electronic device to a consumer. See Utah Code 19-6-1202 State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5 Statute: A law passed by a legislature. Subfund: means a restricted account, established within an independent fund, that has a self-balancing set of accounts to restrict revenues, expenditures, or the fund balance. See Utah Code 51-5-3 Surplus: means the excess of the assets of a fund over its liabilities and restricted fund equity. See Utah Code 51-5-3 Television: means a display system primarily intended to receive video programming via broadcast, cable, or satellite transmission. See Utah Code 19-6-1202 Trustee: A person or institution holding and administering property in trust. Unappropriated surplus: means that portion of the surplus of a given fund that is not segregated for specific purposes. See Utah Code 51-5-3 Utah Code: means the 1953 recodification of the Utah Code, as amended, unless the text expressly references a portion of the 1953 recodification of the Utah Code as it existed:Utah Code 68-3-12.5