90-5-101. Definition of terms. As used in this part, unless the context otherwise requires, the following definitions apply:
     (1) "Agricultural enterprises" include but are not limited to producing, warehousing, storing, fattening, treating, handling, distributing, or selling farm products or livestock.
     (2) "Bonds" means bonds, refunding bonds, notes, or other obligations issued by a municipality or county under the authority of this part, including without limitation short-term bonds or notes issued in anticipation of the issuance of long-term bonds or notes.
     (3) "Governing body" means the board or body in which the general legislative powers of the municipality or county are vested.
     (4) "Higher education facilities" means any real or personal properties required or useful for the operation of an institution of higher education.
     (5) "Institution of higher education" means any private, nonprofit corporation or institution within the state of Montana:
     (a) authorized to provide or operate educational facilities; and
     (b) providing a program of education beyond the high school level.
     (6) "Mortgage" means a mortgage or deed of trust or other security device.
     (7) "Municipality" means any incorporated city or town in the state.
     (8) "Project" means any land; any building or other improvement; and any other real or personal properties considered necessary in connection with the improvement, whether or not now in existence, which must be suitable for use for commercial, manufacturing, agricultural, or industrial enterprises; recreation or tourist facilities; local, state, and federal governmental facilities; multifamily housing, hospitals, long-term care facilities, community-based facilities for individuals who are persons with developmental disabilities as defined in 53-20-102, or medical facilities; higher education facilities; small-scale hydroelectric production facilities with a capacity of 50 megawatts or less; and any combination of these projects.

     History: En. Sec. 1, Ch. 51, L. 1965; amd. Sec. 1, Ch. 50, L. 1969; amd. Sec. 1, Ch. 386, L. 1971; amd. Sec. 1, Ch. 234, L. 1975; amd. Sec. 1, Ch. 374, L. 1975; R.C.M. 1947, 11-4101; amd. Sec. 1, Ch. 656, L. 1979; amd. Sec. 1, Ch. 318, L. 1981; amd. Sec. 1, Ch. 376, L. 1981; amd. Sec. 1, Ch. 4, Sp. L. March 1986; amd. Sec. 1, Ch. 254, L. 1993; amd. Sec. 21, Ch. 255, L. 1995.