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Resolution to Incur Debt.

Los Angeles Administrative Code § 6.755
in effect
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Sec. 6.755. Resolution to Incur Debt. Whenever the Council deems it necessary for an existing or proposed Community Taxing District to incur Debt, it shall, by resolution, set forth all of the following: A. A declaration of the necessity for the indebtedness; B. The purpose for which the proposed Debt is to be incurred; C. The amount of the proposed Debt; D. The time and place for a hearing by the Council on the proposed Debt issue. SECTION HISTORY Added by Ord. No. 177,051, Eff. 11-20-05.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-64239Fetched: 10/24/2026

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6.755 | Corpus