Terms Used In California Codes > Government Code > Title 5 > Division 1 > Part 1 > Chapter 4.5 > Article 2 - Administration, Award System, and Membership

• Actuarial interest rate: means the interest rate fixed by the board for purposes of actuarial valuation of the assets and liabilities of the award system. See California Government Code 50952
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Award: means monthly payments for life derived from contributions by a department. See California Government Code 50952
• Award system: means the Volunteer Firefighters Length of Service Award System established by this chapter. See California Government Code 50952
• Board: means the board of the California State Fire Employees Welfare Benefit Corporation. See California Government Code 50952
• bureau: means the Bureau of Security and Investigative Services. See California Business and Professions Code 7580.4
• Certified prior service credit: means credit for service performed prior to the contract operative date as certified by a qualifications review commission. See California Government Code 50952
• Certified service credit: means credit certified pursuant to Section 50960 for services rendered by a member. See California Government Code 50952
• chief: means the Chief of the Bureau of Security and Investigative Services. See California Business and Professions Code 7580.5
• Commissioner: means any county agricultural commissioner. See California Food and Agricultural Code 26
• County: includes city and county. See California Food and Agricultural Code 29
• Custodian of the fund: means a financial institution or other entity that qualifies under the laws of this state to act as a trustee of and establish a trust described in Internal Revenue Service Revenue Procedure 92-64. See California Government Code 50952
• Department: means any of the following:

  California Government Code 50952

• Department: means the Department of Food and Agriculture. See California Food and Agricultural Code 32
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Ex officio: Literally, by virtue of one's office.
• 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.
• Fund: means an account or trust described in Internal Revenue Service Revenue Procedure 92-64, which is maintained by the custodian of the fund. See California Government Code 50952
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Member: means a volunteer of a department, the governing body of which has contracted with the board under this chapter, and who has been certified by a qualifications review commission as having satisfied all the requirements for membership as set established by the board. See California Government Code 50952
• Person: includes any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Government Code 17
• Person: means any individual, partnership, association, corporation, limited liability company, or any organized group of persons whether incorporated or not. See California Food and Agricultural Code 38
• Secretary: means the Secretary of Food and Agriculture. See California Food and Agricultural Code 35
• Service credit: means the aggregate of certified service credit. See California Government Code 50952
• Subdivision: means a subdivision of the section in which that term occurs unless some other section is expressly mentioned. See California Food and Agricultural Code 49
• Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
• Volunteer: means a person registered as a volunteer member of a regularly organized fire department as defined in subdivision (k). See California Government Code 50952