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Article: Davis to get bill loosening limits on port revenues. (Up Front).(Gray Davis)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 19, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Two years after the city of Los Angeles agreed to return $62 million to the port of L.A. to settle a lawsuit alleging misuse of port-generated funds, a bill on its way to Gov. Gray Davis allows cities greater flexibility in their use of such revenue.
The bill, introduced by Assemblyman Alan Lowenthal, D-Long Beach, at the urging of the L.A. City Council, would open the door for funds to be used for recreation, transportation, cultural, tourism and other public use purposes and not just for maritime commerce, fisheries or navigation.
The bill sailed through the Assembly earlier this summer, gained Senate approval Aug. 14 and is now awaiting a vote in the ...