In the case of a share certificate that matures within the six-month grace period that is renewed at the same dollar amount, either with or without accrued dividends having been added to the principal amount, and for the same term as the original share certificate, the separate insurance applies to the renewed share certificate until the first maturity date after the six-month period. Whenever the liability to pay the member accounts of one or more insured credit unions is assumed by another insured credit union, whether by merger, consolidation, other statutory assumption or contract: The insured status of the credit unions whose member account liability has been assumed terminates, for purposes of this section, on the date of receipt by NCUA of satisfactory evidence of the assumption and the separate insurance of member accounts assumed continues for six months from the date the assumption takes effect or, in the case of a share certificate, the earliest maturity date after the six-month period. The fellowships classification includes grants‐in aid and trainee stipends to graduate students.(f ) Continuation of separate share insurance coverage after merger of insured credit unions. The scholarship classification includes grants‐in‐aid, trainee stipends, tuition and fee waivers, and prizes to undergraduate students. The operation and maintenance of plant category includes expenses for the administration, supervision, operation, maintenance, preservation, and protection of the institution's physical plant. The institutional support classification includes expenses for central, executive‐level activities concerned with management and long‐range planning for the entire institution. General administrative and logistical services.The student services classification includes expenses incurred for offices of admissions and the registrar and activities that, as their primary purpose, contribute to students' emotional and physical well‐being and intellectual, cultural, and social development outside the context of the formal instruction program. * Separately budgeted support for course and curriculum Support and management direction to the three primary missions

* Academic administration and personnel providing administrative * Media, such as audio‐visual services, and technology, such as computing support * The provision of services that directly assist the academic functions of the institution, such as demonstration schools associated with a department, school, or college of education * The retention, preservation, and display of educational materials, such as libraries, museums, and galleries The academic support classification includes expenses incurred to provide support services for the institution's primary programs of instruction, research, and public service. The public service classification includes expenses for activities established primarily to provide non‐instructional services for the benefit of individuals and groups that are external to the institution. The research classification includes all expenses for activities specifically organized to produce research, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the Research Training/Sponsored Fellowships.The instruction classification includes expenses for all activities that are part of an institution's instruction program. Arizona Transaction Privilege (Sales) & Use Tax.

Accountee definition