MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center), Taxable Series B-1.
Los Angeles Administrative Code § 5.162.37
in effectSec. 5.162.37. MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center), Taxable Series B-1.
There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center) Taxable Series B-1 Accounting Fund” (MICLA Commercial Paper Taxable Series B-1 Accounting Fund), for the purpose of recording accounting transactions for the MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center) Taxable Series B-1 transaction to finance costs associated with the acquisition and improvement of real property for City use. The City Controller shall administer the MICLA Commercial Paper Taxable Series B-1 Accounting Fund. All earnings of the MICLA Commercial Paper Taxable Series B-1 Accounting Fund shall be retained in the MICLA Commercial Paper Taxable Series B-1 Accounting Fund to be used for the purposes permitted by the MICLA Lease Revenue Commercial Paper (Los Angeles Convention Center) Series B-1 Accounting Fund transaction, and the monies in the MICLA Commercial Paper Series B-1 Accounting Fund shall not revert to the Reserve Fund at the close of each fiscal year.
SECTION HISTORY
Added by Ord. No. 183,924, Eff. 12-4-15.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-83210Fetched: 10/24/2026