Terms Used In California Codes > Public Resources Code > Division 30 > Part 3 > Chapter 1 > Article 3 - Market Development Zone Program

• Applicant: means any local public entity involved in the movement of freight through trade corridors of the state or involved in air quality improvements associated with goods movement. See California Health and Safety Code 39625.1
• 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
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Contract: A legal written agreement that becomes binding when signed.
• cruise ship: means a commercial vessel that has the capacity to carry 250 or more passengers for hire. See California Health and Safety Code 39631
• Emission sources: means one of the following categories of sources of air pollution associated with the movement of freight through California's trade corridors: heavy-duty trucks, locomotives, commercial harbor craft, ocean-going vessels related to freight, and cargo-handling equipment. See California Health and Safety Code 39625.1
• emissions: means emissions including, but not limited to, diesel particulate matter, oxides of nitrogen, oxides of sulfur, and reactive organic gases. See California Health and Safety Code 39625.1
• 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.
• 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}
• 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}
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Lien: A claim against real or personal property in satisfaction of a debt.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• oceangoing ship: means a private, commercial, government, or military vessel of 300 gross registered tons or more calling on California ports or places. See California Health and Safety Code 39631
• project: includes equipment purchase, right-of-way acquisition, and project delivery costs. See California Health and Safety Code 39625.02
• State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
• Statute: A law passed by a legislature.