(a) Creation. The Council hereby creates the Proposition HHH Administrative Oversight Committee (the "Administrative Oversight Committee"). The purpose of the Administrative Oversight Committee is to review and recommend, for Council approval, the expenditure of bond proceeds under Proposition HHH, and to monitor and make recommendations to the Council to effectuate the Proposition HHH program, including making recommendations on its policies and projects.
(b) Membership. The Administrative Oversight Committee shall be comprised of three members: the Mayor, the Chief Legislative Analyst and the City Administrative Officer. Each of the members may designate someone to act on the member's behalf.
(c) Chair. The Chair of the Administrative Oversight Committee shall be the City Administrative Officer.
(d) Meetings. The Administrative Oversight Committee meetings shall be held not less than twice each fiscal year and more frequently as determined to be necessary by the Administrative Oversight Committee to effectively perform its duties and responsibilities described herein. Meetings shall be held at a location designated by the Administrative Oversight Committee.
(e) Quorum. A quorum shall be present for the Administrative Oversight Committee to meet and take action. A quorum shall consist of all three members.
(f) Duties and Responsibilities. The Administrative Oversight Committee shall have the following duties and responsibilities:
(1) Review all plans for bond proceed expenditures, including the annual allocation plan (also referred to as the project expenditure plan) submitted by the Citizens Oversight Committee for each fiscal year, and review and approve and then submit the project expenditure plan to the Council for review and approval prior to the beginning of such fiscal year;
(2) Monitor the Proposition HHH program and make recommendations to effectuate the Proposition HHH program; and
(3) Provide biannual reports on the status of Proposition HHH projects and expenditures no later than January 1st and July 1st of each year commencing with the January 1st or July 1st following the issuance of the first series of Proposition HHH bonds, and provide additional reports on the status of Proposition HHH projects and expenditures as may be requested by the Council.
(g) Staffing. The Office of the City Administrative Officer, with the assistance of the Office of the Mayor, the Office of the Chief Legislative Analyst, the Los Angeles Housing Department and any other City department, as applicable and as necessary from time to time, shall provide staffing for the Administrative Oversight Committee.
The Administrative Oversight Committee staff shall be responsible for the noticing of meetings, as well as the taking, preparation and distribution of the Administrative Oversight Committee meeting minutes.
SECTION HISTORY
Added by Ord. No. 184,671, Eff. 1-19-17.
Amended by: Ord. No. 187,122, Eff. 8-8-21.