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Ordinance#220499Passed
In plain English
This ordinance allows the San Francisco Public Utilities Commission to issue up to $140.9 million in bonds to fund various capital projects for the Power Enterprise. It also includes provisions for refunding bonds and confirms the Commission's intent to reimburse itself for related expenses.
Ordinance authorizing the issuance and sale of tax-exempt or taxable Power Revenue Bonds and other forms of indebtedness (as described below) by the San Francisco Public Utilities Commission (SFPUC) (“Commission”) in an aggregate principal amount not to exceed $140,889,875 to finance the costs of various capital projects benefitting the Power Enterprise under the Charter, including amendments to the Charter enacted by the voters on June 5, 2018, commonly referred to as Proposition A; authorizing the issuance of Power Revenue Refunding Bonds; declaring the Official Intent of the Commission to Reimburse Itself with one or more issues of tax-exempt or taxable bonds or other forms of indebtedness; and ratifying previous actions taken in connection therewith, as defined herein.
How it got here
Document trail
PDF ↗
Leg Dig Ver1
PDF ↗Official legislation text
PUC Reso No. 22-0030 020822
PDF ↗Resolution
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BLA Rpt 052522
PDF ↗Budget and Legislative Analyst
PDF ↗
PDF ↗
Leg Dig Ver2
PDF ↗Official legislation text
PDF ↗
PDF ↗
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How they voted
FINALLY PASSED
Board of Supervisors · Jun 14, 2022Pass
5-0
PASSED ON FIRST READING
Board of Supervisors · Jun 7, 2022Pass
5-0
AMENDED, AN AMENDMENT OF THE WHOLE BEARING SAME TITLE
Budget and Appropriations Committee · May 25, 2022Pass
2-0
RECOMMENDED AS AMENDED
Budget and Appropriations Committee · May 25, 2022Pass
2-0
Legislative journey
Clerk of the BoardMay 2, 2022
·RECEIVED
PresidentMay 3, 2022
→ASSIGNED
Budget and Appropriations CommitteeMay 25, 2022
✓RECOMMENDED AS AMENDEDPass
✎AMENDED, AN AMENDMENT OF THE WHOLE BEARING SAME TITLEPass
Board of SupervisorsJun 7, 2022 – Jun 14, 2022
✓PASSED ON FIRST READINGPass
✓FINALLY PASSEDPass
MayorJun 24, 2022
✓APPROVED
Clerk of the BoardFeb 10, 2023 – Nov 3, 2023
·RECEIVED FROM DEPARTMENT
·RECEIVED FROM DEPARTMENT