Terms Used In California Codes > Public Resources Code > Division 10.2 > Chapter 5 - Termination of Agricultural Conservation Easements

• Appraisal: A determination of property value.
• 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
• Continuance: Putting off of a hearing ot trial until a later time.
• 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.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• legislative body: means board of trustees, city council, or other governing body of a city. See California Government Code 34000
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• property: includes property real and personal. See California Civil Code 14
• Summons: Another word for subpoena used by the criminal justice system.
• unavailable: means that an officer is either killed, missing, or so seriously injured as to be unable to attend meetings and otherwise perform his duties. See California Government Code 8636
• will: includes codicil. See California Civil Code 14