This resolution officially accepts the final plans and studies for creating a San Francisco Municipal Financial Corporation and a Public Bank. It outlines the governance and business strategies for these financial entities aimed at supporting local economic development.
Resolution accepting receipt of the San Francisco Reinvestment Working Group’s Final Governance Plan, Business Plan and Viability Study for a San Francisco Municipal Financial Corporation and Final Governance Plan, Business Plan and Viability Study for a San Francisco Public Bank.
How it got here
This resolution supports Mayor London N. Breed's efforts to secure funding from the Environmental Protection Agency for greenhouse gas reduction initiatives. It also encourages city departments to get ready for establishing a green bank to finance local environmental projects.
This resolution calls for the creation of a San Francisco Green Bank, a non-depository municipal finance corporation, to support green projects in the city. It urges the Treasurer and Tax Collector to design and establish this bank, pending available funding.
This resolution accepts the final plans and studies for establishing a San Francisco Municipal Financial Corporation and a Public Bank. It outlines the governance, business strategies, and financial viability of these entities.
This ordinance creates the San Francisco Reinvestment Working Group, which will develop plans for a non-depository Municipal Finance Corporation and a Public Bank. These plans will be submitted to the Board of Supervisors and the Local Agency Formation Commission for consideration.
