Los Angeles Municipal Code § 5.162 Certificates of Participation (MICLA L Equipment Acquisition Program)

(a) There is hereby created in the Treasury of the City of Los Angeles a special fund for a financing involving the Municipal Improvement Corporation of Los Angeles (the “MICLA”), which is named the “MICLA L Equipment Acquisition Fund” (the “MICLA L Fund”).

(b) The purposes of the MICLA L Fund are to receive the proceeds from the sale of the Certificates of Participation (Equipment Acquisition Program L) Evidencing the Proportionate Interests of the Owners Thereof in Certain Basic Lease Payments to be Made by The City of Los Angeles to the Municipal Improvement Corporation of Los Angeles (the “Certificates”), interest earnings received from the Certificates Trustee, insurance proceeds and condemnation proceeds, all to be held in trust for the certificate holders, and to pay from it all costs of acquiring equipment as authorized by the Council on behalf of MICLA (the “Program L”) and the costs of issuance of the Certificates, to disburse funds as authorized in the Trust Agreement for the Certificates and to pay rebates of arbitrage earnings as required by federal income tax laws. When Program L is completed, all money remaining in the MICLA L Fund not needed to pay rebates of arbitrage earnings shall be disbursed to the Certificates Trustee for payments of principal and interest on the Certificates.

(c) The MICLA L Fund shall retain all of its earnings.

(d) The MICLA L Fund shall be administered by the Department of General Services.

(e) Pursuant to Charter Section 344 money in the special fund shall not be subject to reversion to the Reserve Fund of the City.

SECTION HISTORY

Added by Ord. No. 167,359, Eff. 11-30-91. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00.

SECTION HISTORY

Added by Ord. No. 170,625, Eff. 9-2-95. Amended by: In Entirety, Ord. No. 170,762, Eff. 12-25-95; Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 170,893, Eff. 3-7-96. Amended by: In Entirety, Ord. No. 171,059, Eff. 6-20-96; Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 170,889, Eff. 3-2-96. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 171,469, Eff. 2-10-97. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 171,730, Eff. 10-19-97. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 172,276, Eff. 12-10-98. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 172,324, Eff. 1-8-99. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 178,876, Eff. 7-30-07.

SECTION HISTORY

Added by Ord. No. 172,324, Eff. 1-8-99. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 178,876, Eff. 7-30-07.

There is hereby created in the Treasury of the City of Los Angeles a special fund, named the “ MICLA Special Tax Lease Revenue Bonds (Police Emergency Command Control Communications System), Series 1999 D (MICLA Series AI) Acquisition Fund ” (the “Fund”), for the purpose of receiving and disbursing money from a Municipal Improvement Corporation of Los Angeles (the “MICLA”) financing named “Special Tax Lease Revenue Bonds (Police Emergency Command Control Communications System), Series 1999 D (MICLA Series AI)” (the “Bonds”), in order to pay costs of additional portions (the “1999 Components”) of the Police Emergency Command Control Communications System. The Fund shall be held by the City in trust for the benefit of the holders of the Bonds and applied as provided in the Indenture, as supplemented, for the Bonds. Any money remaining after completion of the 1999 Components shall be used in accordance with the Indenture, as supplemented, for the Bonds. All earnings on money held in the Fund shall be retained by the Fund. The Fund shall be administered by the Police Department. Pursuant to Charter Section 344 money in the Fund shall not revert to the City Reserve Fund.

SECTION HISTORY

Added by Ord. No. 172,535, Eff. 5-9-99. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00.

SECTION HISTORY

Added by Ord. No. 172,846, Eff. 11-6-99. Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 173,418, Eff. 8-28-00. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 174,411, Eff. 2-25-02. Repealed by Ord. No. 187,475, Eff. 6-9-22.

There is hereby created in the Treasury of the City of Los Angeles a special fund, named the “ MICLA Special Tax Lease Revenue Bonds (Police Emergency Command Control Communications System), Series 2002F (MICLA Series AO) Acquisition Fund ” (the “Fund”), for the purpose of receiving and disbursing money from a Municipal Improvement Corporation of Los Angeles (the “MICLA”) financing named “Special Tax Lease Revenue Bonds (Police Emergency Command Control Communications System), Series 2002F (MICLA Series AO)” (the “Bonds”), in order to pay costs of additional portions (the “2002 Components”) of the Police Emergency Command Control Communications System. The Fund shall be held by the City in trust for the benefit of the holders of the Bonds and applied as provided in the Indenture, as supplemented, for the Bonds. Any money remaining after completion of the 2002 Components shall be used in accordance with the Indenture, as supplemented, for the Bonds. All earnings on money held in the Fund shall be retained by the Fund. The Fund shall be administered by the Police Department. Pursuant to Charter Section 344, money in the Fund shall not revert to the City Reserve Fund.

SECTION HISTORY

Added by Ord. No.174,414, Eff. 3-2-02.

SECTION HISTORY

Added by Ord. No. 174,438, Eff. 3-29-02. Amended by: In Entirety, Ord. No. 174,550, Eff. 6-15-02. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 174,441, Eff. 3-29-02. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 174,823, Eff. 10-25-02. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 174,823, Eff. 10-25-02. Amended by: Para. (5), Ord. No. 177,034, Eff. 11-23-05. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 175,188, Eff. 6-8-03. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 175,875, Eff. 4-29-04. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 175,875, Eff. 4-29-04. Repealed by Ord. No. 187,475, Eff. 6-9-22.

There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Lease Revenue Commercial Paper Notes Acquisition Fund” (Fund), for the purpose of receiving and disbursing money from a Municipal Improvement Corporation of Los Angeles (MICLA) financing named “Lease Revenue Commercial Paper Notes” (Notes), to pay for acquisitions and improvements of real properties and equipments. All Fund earnings shall be retained by the Fund. The Fund shall be administered generally by the City Administrative Officer and administered as to specific expenditures by the General Managers of the City departments for their respective allocations of Commercial Paper Notes proceeds. Pursuant to Charter Section 344, money in the Fund shall not revert to the Reserve Fund of the City.

SECTION HISTORY

Added by Ord. No. 175,942, Eff. 6-3-04.

SECTION HISTORY

Added by Ord. No. 178,040, Eff. 12-14-06. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 179,231, Eff. 11-13-07. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 180,147, Eff. 9-27-08. Repealed by Ord. No. 187,475, Eff. 6-9-22.

SECTION HISTORY

Added by Ord. No. 180,514, Eff. 3-9-09. Repealed by Ord. No. 187,475, Eff. 6-9-22.

Sec. 5.162.27. MICLA Lease Revenue Bonds, Series 2009-C (Capital Equipment), Series 2009-D (Recovery Zone Economic Development Bonds), and Series 2009-E (Real Property).

SECTION HISTORY

Added by Ord. No. 180,997, Eff. 1-4-10. Repealed by Ord. No. 187,475, Eff. 6-9-22.

Sec. 5.162.29. MICLA Lease Revenue Bonds, Series 2010-A (Capital Equipment), Series 2010-B (Capital Equipment) (Recovery Zone Economic Development Bonds-Taxable), Series 2010-C (Real Property) (Recovery Zone Economic Development Bonds-Taxable), and Refunding Series 2010-D (Real Property).

(a) There is created in the Treasury of the City of Los Angeles a special fund, named the “MICLA Lease Revenue Bonds, Series 2010-A through D Accounting Fund” (Accounting Fund), for the purpose of recording accounting transactions for the MICLA Lease Revenue Bonds, Series 2010-A (Capital Equipment), Series 2010-B (Capital Equipment) (Recovery Zone Economic Development Bonds-Taxable),