Terms Used In California Codes > Education Code > Title 3 > Division 5 > Part 42 > Chapter 2 > Article 16 - College Access Tax Credit Awards

• board: means any entity listed in Section 101, the entities referred to in Sections 1000 and 3600, the State Bar, the Department of Real Estate, and any other state agency that issues a license, certificate, or registration authorizing a person to engage in a business or profession. See California Business and Professions Code 31
• commission: means the Student Aid Commission created by this article. See California Education Code 69515
• Election: means any election including a primary that is provided for under this code. See California Elections Code 318
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• 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.
• 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}
• Party: means a political party or organization that has qualified for participation in any primary or presidential general election. See California Elections Code 338
• Subdivision: means a subdivision of the section in which that term occurs, unless some other section is expressly mentioned. See California Business and Professions Code 15