Terms Used In California Codes > Health and Safety Code > Division 26 > Part 4 > Chapter 4 > Article 3.5 - Compliance Programs

• Committee: means the California Debt Limit Allocation Committee established pursuant to Section 8869. See California Government Code 8869.82
• Contract: A legal written agreement that becomes binding when signed.
• Fund: means the California Debt Limit Allocation Committee Fund created pursuant to Section 8869. See California Government Code 8869.82
• 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}
• Internal Revenue Code: means the Internal Revenue Code of 1986 (26 U. See California Government Code 8869.82
• Issuer: means any local agency or state agency authorized by the Constitution or laws of the state to issue private activity bonds. See California Government Code 8869.82
• Lien: A claim against real or personal property in satisfaction of a debt.
• MBTCAC: means the California Tax Credit Allocation Committee created by §. See California Government Code 8869.82
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Quorum: The number of legislators that must be present to do business.
• State: means the State of California. See California Government Code 8869.82
• State ceiling: includes all of the following:

  California Government Code 8869.82

• Statute: A law passed by a legislature.
• Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10