Support the LB businesses you see here:
Carter Wood Floors, a LB company, will restore your wood floor or install a new one. Special offer for LBReport.com readers, click photo.
Who is this guy, Bill Lovelace? Click on picture to find out.
NetKontent Digital Video Cutting Edge Services For The Internet, Broadcast and Multimedia. Click For Info
This house is well insured. Are you? Want presidential treatment on auto, home, business, health, boat, motorcycle insurance? Call Pollman's Insurance: 23 yrs. in business, 4th generation LB family. Info, click photo
Nino's Ristorante: A delicious treasure in Bixby Knolls. Click here if you're hungry or for catering!
3853 Atlantic Ave.
Bill & Karen Enterline are ELB realty experts. Click here for info on area property values.
|
Neighborhood Groups/Meetings
How To Recall a LB Elected Official
Crime Data
City Council Agendas
Port of LB Agendas
E-Mail Your Councilmember
Council District Map
LB Parks, Rec & Marine
LB Schools
LB Airport Watch.org
Sacramento
Washington
References & Archives
Lost, Found & Adoptable Pets
|
|
News
State Lands Comm'n Sues LB City Hall, Says $70 Million In Oil Revenue Being Retained By LB Belongs To State of CA
(April 8, 2003) -- LBReport.com has learned that the State Lands Commission is suing the City of Long Beach, alleging that City Hall has retained about $70 million in oil revenues that would otherwise be forwarded to the State of CA.
In response to a query from LBReport.com, State Lands Commission Executive Director Paul Thayer emailed us:
The Commission filed a lawsuit last week regarding the retention by the City of Long Beach of oil revenues that would otherwise have been forwarded to the state from Long Beach oil operations. The City has deposited this money in an abandonment fund that it has established in anticipation of the cost of abandoning the oil field in Long Beach when operations cease. The amount of money in the fund has reached about $70 million. The Commission and the Attorney General's Office do not believe the City has the authority to do this.
LB City Attorney Bob Shannon commented for LBReport.com:
"The city as a [tidelands] trustee is reserving these funds consistent with its contract with the state and consistent with good accounting practices in contemplation of the time at some point in the future when a substantial cost will have to be incurred to close the field.
Developing.
.
|
|