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There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center), Tax-Exempt Series A-1 Accounting Fund” (MICLA Commercial Paper Series A-1 Accounting Fund), for the purpose of recording accounting transactions for the MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center), Tax-Exempt Series A-1 transaction to finance costs associated with the acquisition and improvement of real property for City use. The City Controller shall administer the MICLA Commercial Paper Series A-1 Accounting Fund. All earnings of the MICLA Commercial Paper Series A-1 Accounting Fund shall be retained in the MICLA Commercial Paper Series A-1 Accounting Fund to be used for the purposes permitted by the MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center) Series A-1 transaction, and the monies in the MICLA Commercial Paper Series A-1 Accounting Fund shall not revert to the Reserve Fund at the close of each fiscal year.
SECTION HISTORY
Added by Ord. No. 183,924, Eff. 12-4-15.
There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center) Taxable Series B-1 Accounting Fund” (MICLA Commercial Paper Taxable Series B-1 Accounting Fund), for the purpose of recording accounting transactions for the MICLA Lease Revenue Commercial Paper Notes (Los Angeles Convention Center) Taxable Series B-1 transaction to finance costs associated with the acquisition and improvement of real property for City use. The City Controller shall administer the MICLA Commercial Paper Taxable Series B-1 Accounting Fund. All earnings of the MICLA Commercial Paper Taxable Series B-1 Accounting Fund shall be retained in the MICLA Commercial Paper Taxable Series B-1 Accounting Fund to be used for the purposes permitted by the MICLA Lease Revenue Commercial Paper (Los Angeles Convention Center) Series B-1 Accounting Fund transaction, and the monies in the MICLA Commercial Paper Series B-1 Accounting Fund shall not revert to the Reserve Fund at the close of each fiscal year.
SECTION HISTORY
Added by Ord. No. 183,924, Eff. 12-4-15.
There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Taxable Lease Revenue Refunding Bonds, Series 2015-A (Los Angeles Convention Center) Accounting Fund” (MICLA Series 2015-A Accounting Fund), for the purpose of recording accounting transactions for the MICLA Taxable Lease Revenue Refunding Bonds, Series 2015-A (Los Angeles Convention Center) transaction. The City Controller shall administer the MICLA Series 2015-A Accounting Fund. All earnings of the MICLA Series 2015-A Accounting Fund shall be retained in the MICLA Series 2015-A Accounting Fund to be used for the purposes permitted by the MICLA Taxable Lease Revenue Refunding Bonds, Series 2015-A (Los Angeles Convention Center) transaction, and the monies in the MICLA Series 2015-A Accounting Fund shall not revert to the Reserve Fund at the close of each fiscal year.
SECTION HISTORY
Added by Ord. No. 183,922, Eff. 12-4-15; re-adopted by Ord. No. 184,798, Eff. 4-16-17.
There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA 2016 Streetlights Accounting Fund” for the purpose of recording accounting transactions for the funds received from, and to be only used for, the refunding component of the MICLA 2016 Streetlights Financing applied to refinance costs associated with the acquisition and improvement of certain streetlights with light-emitting diode (LED) and/or high voltage conversion and other related improvements. The City Controller shall administer the MICLA 2016 Streetlights Accounting Fund. All earnings of the MICLA 2016 Streetlights Accounting Fund shall be retained in the MICLA 2016 Streetlights Accounting Fund to be used for the purposes permitted by the MICLA 2016 Streetlights Financing transaction, and the monies in the MICLA 2016 Streetlights Accounting Fund shall not revert to the Reserve Fund at the close of each fiscal year.
SECTION HISTORY
Added by Ord. No. 184,128, Eff. 3-4-16.
Renumbered from Sec. 5.162.38 to 5.162.39 by Ord. No. 184,798, Eff. 4-16-17.
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