California Codes > Education Code > Title 2 > Division 3 > Part 24 > Chapter 9 > Article 1 – Control of Expenditures
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In California Codes > Education Code > Title 2 > Division 3 > Part 24 > Chapter 9 > Article 1 - Control of Expenditures
- 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
- 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.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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.
- National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
- Trustee: A person or institution holding and administering property in trust.
- will: includes codicil. See California Civil Code 14