Los Angeles Municipal Code Art. 3 Performance Security

Section 4.288 Performance Security Required. 4.288.1 Other Performance Security. 4.288.2 Term of Performance Security. 4.288.3 Types of Performance Security and Premiums. 4.289 Report to Council. 4.290 Approval and Filing of Performance Security. 4.291 Liability on Performance Security.

The Director of the Office of Administrative and Research Services, with the concurrence of the City Controller, shall report to the City Council whenever performance security required pursuant to Section 4.288(a) is commercially unavailable or the cost is not compatible with the benefit to the City, necessitating the need for the City to either partially or fully self insure the required performance security.

SECTION HISTORY

Based on Ord. No. 68,253. Amended by: Ord. No. 88,135; Ord. No. 149,965, Eff. 8–22–77; Title and section, Ord. No. 166,858, Eff. 5-6-91; Ord. No. 173,308, Eff. 6-30-00, Oper. 7-1- 00.

All performance security shall be approved by the City Attorney as to form, and shall be filed with and remain in the keeping of the City Clerk. It shall be the duty of the Director of the Office of Administrative and Research Services, with the approval of the Controller, to make recommendations to the Council concerning any changes or action necessary in the City’s interest in relation to any performance security.

SECTION HISTORY

Based on Charter, Sec. 69. Amended by: Title and section, Ord. No. 166,858, Eff. 5-6-91; Ord. No. 173,303, Eff. 6-30-00, Oper. 7-1-00.

In all cases where there is performance security for an officer or employee of the City, there shall be no personal liability upon, or any right

to recover against the officer’s or employee’s superior officer or employee, or any other officer or employee of the City, nor shall there be any liability or right of recovery upon the performance security of the officer’s or employee’s superior officer, or of any other officer or employee, for any defalcation by said employee. Liability and right of recovery shall be solely upon and against the officer or employee and that officer’s or employee’s performance security unless the officer’s or employee’s superior officer or employee or any other officer or employee is a party to the wrongful act or has conspired with the officer or employee, causing directly or indirectly any loss.

SECTION HISTORY

Based on Charter, Sec. 69.1. Amended by: Title and section, Ord. No. 166,858, Eff. 5-6-91.