Do transfer of properties between City departments involve fair market value transfers?
A. In most cases, transfer of properties between departments are fair market value transactions. Properties that are acquired or purchased by the City using special funds such as Gas Tax, Special Parking Revenue Trust Fund, etc. must be reimbursed when such property is either sold or transferred to another governmental agency or city department. DISCLAIMER: Information on this site is subject to change. The City of Los Angeles reserves the right to update, correct, and/or add/delete any information without prior public notice.
