Illinois Compiled Statutes > 30 ILCS 265 – Technology Development Act
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes > 30 ILCS 265 - Technology Development Act
- 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.
- 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.