Terms Used In Utah Code > Title 63J > Chapter 1 > Part 6 - Unused Balances

• Agency: means a unit of accounting, typically associated with a department, division, board, council, committee, institution, office, bureau, or other similar administrative unit of state government, that includes line items and programs. See Utah Code 63J-1-102
• Appraisal: A determination of property value.
• 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
• Asset forfeiture: A procedure by which a person's property is seized to pay judgments levied by the court.
• 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.
• Dedicated credits: includes :

  (i)	assessments;

  (ii)	sales of goods and materials;

  (iii)

  sales of services;

  (iv)	permits, licenses, and other fees;

  (v)	fines, penalties, and forfeitures; and

  (vi)

  rental revenue. See Utah Code 63J-1-102 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. Fraud: Intentional deception resulting in injury to another. Free revenue: includes : (a)  collections that are required by law to be deposited in: (i)  the General Fund; (ii)  the Income Tax Fund; (iii)  the Uniform School Fund; or (iv)  the Transportation Fund; (b)  collections that are not otherwise designated by law; (c)  collections that are not externally restricted; and (d)  collections that are not included in an approved budget execution plan. See Utah Code 63J-1-102 Grant: means the same as that term is defined in Section 63J-7-101. See Utah Code 63J-1-102 Highway: includes :Utah Code 68-3-12.5 Item of appropriation: means an authorization of expenditure contained in legislation that appropriates funds and includes the following: (i)  the name of the agency and line item to which authorization is granted; and (ii)  sources of finance from which authorization is granted and associated amounts authorized. See Utah Code 63J-1-102 Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases. 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 Line item: means a unit of accounting, typically representing an administrative unit of state government within an agency, that contains one or more programs. See Utah Code 63J-1-102 Mortgage: The written agreement pledging property to a creditor as collateral for a loan. Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period. Program: means a unit of accounting included on a schedule of programs within a line item used to track budget authorizations, collections, and expenditures on specific purposes or functions. See Utah Code 63J-1-102 Property: includes both real and personal property. See Utah Code 68-3-12.5 Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims. 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 User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.