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Deposit of Cash Bond.

Los Angeles Administrative Code § 5.92
in effect
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Sec. 5.92. Deposit of Cash Bond. Whenever, in connection with any sale of property no longer needed for the use of the City, the Purchasing Agent shall receive from the Purchaser any money as cash bond or guaranty to assure that the property sold will be demolished or removed or that a site shall be cleared of debris, or that any other term of the contract of sale will faithfully be performed, such money so received shall be deposited in the Salvage Trust Fund. SECTION HISTORY Based on Ord. No. 52,230, Sec. 16. Amended by: Ord. No. 85,313.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-20261Fetched: 10/24/2026

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5.92 | Corpus