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Limitation on Bonded Indebtedness.

Los Angeles Administrative Code § 11.5
in effect
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Sec. 11.5. Limitation on Bonded Indebtedness. The bonded indebtedness of the City shall not be increased beyond fifteen per cent of the assessed value of all taxable real and personal property within the City. The indebtedness of any special local district or of the Los Angeles City School District shall not be included in computing the debt limit herein provided. SECTION HISTORY Based on Charter, Secs. 3(3) and 3(4). Amended by: Ord. No. 173,306, Eff. 6-30-00, Oper. 7-1-00.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-40446Fetched: 10/24/2026

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