encyclopedia

LEAD AGENCY

Under the National Environmental Policy Act of 1969, the public agency that has the principal responsibility for preparing environmental documents and for carrying out or approving a project that may have a significant effect on the environment. (TRB)

LEAD TRANSPORTATION AGENCY

An agency that assumes the responsibility of providing transportation services for other agencies. (APTA)

LEADER

The bus operating on the headway immediately ahead of a given bus.

LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN

Green building standards rating system. LEED is administered by the U.S. Green Building Council, a Washington D.C. – based, nonprofit coalition of building industry leaders and is designed to promote design and construction practices that increase profitability while reducing the…

LEASE

A contract, written or oral, by which possession of land and/or building space is given by owner (lessor) to another (tenant) for a specified period of time (lease term) and for a specified consideration (rent).

LEASED FEE

1) The title to real estate subject to lease. 2) A property held in fee with the right of use and occupancy conveyed under lease to another. 3) A property with the right to receive ground rentals over a period…

LEGISLATIVE ANALYSTS OFFICE

Provides fiscal and programmatic expertise and nonpartisan analyses of the state budget. The office serves as the “eyes and ears” for the Legislature to ensure that the executive branch is implementing legislative policy in a cost efficient and effective manner.

LESSEE/TENANT

One who acquires the right to use of the property of another, to whom the lease is granted or the property is rented under the lease.