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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.

Introduced: Jun 6, 2023
Final action: Jul 28, 2023
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How it got here

Document trail
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Leg Dig Ver1
Official legislation text
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BLA Rpt 061423
Budget and Legislative Analyst
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How they voted

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