Terms Used In California Codes > Public Utilities Code > Division 10 > Part 12 > Chapter 7 > Article 4 - Improvement Acts and Special Benefit Districts

• Contract: A legal written agreement that becomes binding when signed.
• Cooperative dwelling unit: means a unit in a development owned by a stock cooperative as defined in subdivision (m) of §. See California Military and Veterans Code 987.53
• department: means the Department of Veterans Affairs. See California Military and Veterans Code 690
• Farm: means a tract of land, which, in the opinion of the department, is capable of producing sufficient income to provide payment of the amortized contract installments, including principal, interest, and taxes. See California Military and Veterans Code 987.53
• 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}