MICLA Lease Revenue Bonds, Series 2025 (Los Angeles Convention Center) Accounting Fund.
Los Angeles Administrative Code § 5.162.56
in effectSec. 5.162.56. MICLA Lease Revenue Bonds, Series 2025 (Los Angeles Convention Center) Accounting Fund.
There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Lease Revenue Bonds, Series 2025 (Los Angeles Convention Center) Accounting Fund” (Series 2025 Accounting Fund), for the purpose of recording accounting transactions related to the portion of the proceeds received from the sale of the Municipal Improvement Corporation of Los Angeles Lease Revenue Bonds, Series 2025-A (Los Angeles Convention Center) and Lease Revenue Bonds, Series 2025-B (Los Angeles Convention Center) (Federally Taxable) (Bonds) that are used or to be used to retire certain maturities of commercial paper notes issued by the Municipal Improvement Corporation of Los Angeles to finance the costs of the expansion and modernization of, and improvements to, the Los Angeles Convention Center. The City Controller shall administer the Series 2025 Accounting Fund. Money in the Series 2025 Accounting Fund, if any, shall not be subject to reversion to the Reserve Fund.
SECTION HISTORY
Added by Ord. No. 188,746, Eff. 10-14-25.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-128816Fetched: 10/24/2026