Terms Used In California Codes > Public Resources Code > Division 5 > Chapter 1.691 > Article 5 - State Coastal Conservancy

• board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
• 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.
• Fund: means the Parklands Fund of 1984. See California Public Resources Code 5096.228
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Person: includes any person, firm, partnership, general partner of a partnership, limited liability company, registered limited liability partnership, foreign limited liability partnership, association, corporation, company, syndicate, estate, trust, business trust, or organization of any kind. See California Revenue and Taxation Code 19
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.