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MICLA 2020 Streetlights Financing.

Los Angeles Administrative Code § 5.162.52
in effect
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Sec. 5.162.52. MICLA 2020 Streetlights Financing. There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA 2020 Streetlights Construction Fund” for the purpose of receiving and expending the new money proceeds from the MICLA 2020 Streetlights Financing and which new money shall be used solely to finance the costs of the acquisition and installation of approximately 2,500 streetlights with light-emitting diode (LED) and/or high voltage conversion and other related improvements (Project). No money shall be released from the MICLA 2020 Streetlights Construction Fund except to pay for costs of the Project and as provided in the tax certificate for the MICLA 2020 Streetlights Financing (Tax Certificate). All earnings on amounts held in the MICLA 2020 Streetlights Construction Fund shall be retained in the MICLA 2020 Streetlights Construction Fund to be used for the purposes permitted by the MICLA 2020 Streetlights Financing transaction and the Tax Certificate. Any money remaining in the MICLA 2020 Streetlights Construction Fund after completion of the Project shall be dealt with in accordance with the Tax Certificate. SECTION HISTORY Added by Ord. No. 186,796, Eff. 10-19-20.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-92563Fetched: 10/24/2026

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