California Codes > Education Code > Title 2 > Division 4 > Part 33 > Chapter 1 > Article 8 – Fiscal Penalty
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| § 60150 | (a) If the Superintendent determines that a school district has … |
Terms Used In California Codes > Education Code > Title 2 > Division 4 > Part 33 > Chapter 1 > Article 8 - Fiscal Penalty
- 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.
- license: means license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Section 1000 or 3600. See California Business and Professions Code 23.7
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.