CA AB1455

Authorizes the City of Ontario to issue revenue bonds secured solely by Ontario International Airport revenues to finance acquisition of the airport from the City of Los Angeles

Requires the successor agency acquiring the airport to hire or retain incumbent workers employed for 12 months or longer by Los Angeles World Airports or airport contractors

Mandates incumbent workers be retained for at least 90 days unless terminated for cause, and establishes a preferential hiring list for incumbent workers not initially retained

Exempts small businesses with fewer than 10 employees, management positions, and specialized skill positions from the incumbent worker retention requirements

Requires successor agency and contractors to employ retained workers under terms and conditions established by the agency or as required by law