Establishment and Operation of “Outside Expense/Equipment Rental and Purchase Account.”
Los Angeles Administrative Code § 8.148.1
in effectSec. 8.148.1. Establishment and Operation of “Outside Expense/Equipment Rental and Purchase Account.”
A revolving fund account to be known as “Outside Expense/Equipment Rental and Purchase Account” is hereby established. The funds in the account shall be used solely for the rental or purchase of services, materials, supplies and equipment requested by a licensee and for which the licensee has in advance agreed to rent or purchase from the Department. The Department shall charge a licensee an amount sufficient to recover the total cost of renting or purchasing an item requested by a licensee and may also charge a licensee a service or handling fee for an item rented or purchased; provided that receipts received from billings to licensees for items rented or purchased through said account shall be deposited into said account. At the end of each fiscal year all unencumbered funds in the account in excess of $15,000.00 shall be transferred to the Convention Center Revenue Fund. Additional funds beyond the $15,000.00 may be appropriated to the Outside Expense/ Equipment Rental and Purchase Account in the budget or at any time subsequent to the adoption of the budget.
SECTION HISTORY
Added by Ord No. 151,322*, Eff. 9-9-78.
Amended by: Ord. No. 167,696, Eff. 5-7-92.
Readopted by Ord. No. 173,492, Eff. 10-10-00.
* On the date that this Ordinance takes effect, all funds remaining in the “Outside Equipment Rental” account, as established by resolution of the Council dated July 5, 1977, shall be transferred to the “Outside Expense/Equipment Rental and Purchase Account,” and the “Outside Equipment Rental” account shall be abolished.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-35771Fetched: 10/24/2026