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Ordinance#230667Passed
In plain English
This ordinance allows the San Francisco Public Utilities Commission to issue up to $41 million in bonds to fund various capital projects for the Power Enterprise. It also authorizes the issuance of refunding bonds and confirms previous related actions.
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 (“Commission”) in an aggregate principal amount not to exceed $41,031,367 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
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Leg Dig Ver1
PDF ↗Official legislation text
PUC Reso No. 23-0038 013023
PDF ↗Resolution
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BLA Rpt 061423
PDF ↗Budget and Legislative Analyst
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How they voted
FINALLY PASSED
Board of Supervisors · Jul 25, 2023Pass
5-0
PASSED ON FIRST READING
Board of Supervisors · Jul 18, 2023Pass
5-0
CONTINUED ON FIRST READING
Board of Supervisors · Jul 11, 2023Pass
5-0
RECOMMENDED
Budget and Appropriations Committee · Jun 14, 2023Pass
3-0
Legislative journey
Clerk of the BoardJun 1, 2023
·RECEIVED
PresidentJun 6, 2023
→ASSIGNED
Budget and Appropriations CommitteeJun 14, 2023
✓RECOMMENDEDPass
Board of SupervisorsJul 11, 2023 – Jul 25, 2023
↷CONTINUED ON FIRST READINGPass
✓PASSED ON FIRST READINGPass
✓FINALLY PASSEDPass
MayorJul 28, 2023
✓APPROVED
Clerk of the BoardNov 28, 2023
·RECEIVED FROM DEPARTMENT