Lien on Assets of Terminating Public Agency
San Diego Municipal Code § 24.1809
in effect§24.1809 Lien on Assets of Terminating Public Agency
(a) The Board will have a lien on the assets of a terminating contracting Public Agency, subject only to a prior lien for wages, in an amount equal to the actuarially-determined funding deficit for earned benefits of the Public Agency’s Participants. The assets will also be available to pay actual costs, including attorneys’ fees, necessarily expended by the Board to collect the lien.
(b) The Public Agency will timely execute all documents the Board deems necessary or appropriate to perfect this lien. The agreement between the Public Agency and the Board may also authorize the Board to act as agent of the Public Agency solely for the purpose of executing and filing any documents under this section.
(“Lien on Assets of Terminating Public Agency” added 1-7-2003 by O-19140 N.S.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter02/Ch02Art04Division18.pdf#page=5Fetched: 10/28/2026