Terms Used In Utah Code > Title 77 > Chapter 28 - Western Interstate Corrections Compact
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
Conditional gift: means a gift as defined in Subsection (4) that is subject to conditions:
imposed, requested, or provided by a foreign government or foreign person; and
that relate to:
what kinds of teachers or students may benefit from the gift; or
a description of the subject matter to be taught with the support of the gift. See Utah Code 53B-1-201
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.
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.
Foreign government: means a government other than the government of:
the United States;
a state within the United States;
a territory or possession of the United States; or
an individual who is not a citizen or national of the United States or of a territory or protectorate of the United States;
a corporation, partnership, joint venture, proprietorship, trust, association, or other entity that is created or organized under the laws of a foreign government or that has its principal place of business located outside the United States;
if known by the higher education institution, a corporation, partnership, joint venture, proprietorship, trust, association, or other entity that is created or organized pursuant to the laws of the United States or a state within the United States, if a majority of the stock or other equity interest is directly or indirectly owned by, or which derives a majority of its funding from: