25 results for “fund consolidation” · proposal
25 results for “fund consolidation” · proposal
This ordinance amends the Los Angeles Administrative Code to consolidate multiple debt service reserve funds into a single Wastewater System Revenue Bonds Debt Service Reserve Fund, aligning with the terms outlined in the Wastewater System General Resolution adopted in 1987. The consolidated fund will provide security for all senior lien bonds issued under the Wastewater System. The ordinance was passed by the Los Angeles City Council on July 11, 2008, and approved by the City Attorney.
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