The $10,000 monetary limitations set forth in Sections 5.467 and 5.468 shall be in effect upon the effective date of the provisions of this chapter, but shall be subject, in subsequent fiscal years, to an annual adjustment at the beginning of each fiscal year based upon the Consumer Price Index for all urban consumers for the Los Angeles area published by the United States Department of Labor, Bureau of Labor Statistics. The Director of the Office of Administrative and Research Services shall maintain such information and assist in the calculation of the annual adjustment.
SECTION HISTORY
Added by Ord. No. 170,077, Eff. 11-20-94.
Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00.