Los Angeles planning to bring $123.55 million in G.O. bonds on Aug. 5

By Sheri Kasprzak

New York, July 24 - The city of Los Angeles is set to sell $123.55 million in series 2009A general obligation bonds on Aug. 5, according to a notice of sale.

The bonds will be sold competitively with Public Resources Advisory Group LLC as the financial adviser.

The bonds are due 2010 to 2023.

Proceeds will be used to fund environmental cleanup efforts, including cleaning polluted storm water, as well as keeping pollution, toxic chemicals, bacteria and other contaminants from beaches.

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