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Form a Business

Proceeds to Be Paid into the Fund.

Los Angeles Administrative Code § 5.102
in effect
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Sec. 5.102. Proceeds to Be Paid into the Fund. The proceeds arising from the City’s ownership of the warrant, assessment and diagram, including payments on the bonds issued to represent unpaid assessments, and payments of all other principal, interest, penalties and costs, shall be paid into the Improvement Assessment Revolving Trust Fund. All bonds acquired by the purchase of an assignment shall be retained by the City Treasurer and serviced by the City Treasurer for the said fund. SECTION HISTORY Based on Ord. No. 134,367.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-20382Fetched: 10/24/2026

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5.102 | Corpus