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Sec. 5.186. Factoring of Receivables.
   Nothing contained in this article shall prohibit the Director of the Office of Finance from selling any account receivable which has been referred for removal from the active accounts receivable of any City office, board, commission or department pursuant to any provision of this article. Such sale shall be made in conformity with City policy and subject to the provisions of the Los Angeles Administrative and Municipal Codes including those provisions relating to the issuance of Requests for Proposals.
Added by Ord. No. 176,323, Eff. 1-15-05.
Amended by: In Entirety, Ord. No. 180,379, Eff. 1-5-09.