Terms Used In California Codes > Financial Code > Division 1.1 > Chapter 1 - General Provisions

• Board: means the county board of supervisors acting as the governing authority of a county service area. See California Government Code 25210.2
• City: includes city and county. See California Business and Professions Code 18
• County: includes city and county. See California Business and Professions Code 17
• County service area: means a county service area formed pursuant to this chapter or any of its statutory predecessors. See California Government Code 25210.2
• 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}
• Notice: includes all papers and orders required to be served in any proceedings before any court, board, or officer, or when required by law to be served independently of such proceeding. See California Government Code 26660
• 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.
• Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
• User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.