This resolution allows designated city officials to manage Tobacco Settlement Funds for San Francisco, following an agreement made in 1998 with the California Attorney General and other local governments. It ensures that the city can accept and withdraw these funds as needed.
Resolution designating authorized officers, the Treasurer, Controller, and City Attorney or their successors in office, to accept and withdraw Tobacco Settlement Funds on behalf of the City and County of San Francisco (“City”), pursuant to the Memorandum of Understanding, dated August 5, 1998, among the Attorney General of the State of California and Cities and Counties in the State, including the City.
How it got here
This legislation originated from the need to update the authorized officers for accepting Tobacco Settlement Funds as per a long-standing Memorandum of Understanding with the State of California.
A Memorandum of Understanding was established among the Attorney General of California and various cities and counties, including San Francisco, to allocate Tobacco Settlement Funds.
The Board approved participation in the settlement under the MOU through Ordinance No. 402-98.
The Board adopted Resolution No. 132-00, designating the City Attorney, Controller, and Treasurer as authorized officers to manage Tobacco Settlement Funds.
The Office of Public Finance requested an update to the resolution to reflect current officeholders for the authorized officers.
The Mayor's Office submitted the resolution to the Board of Supervisors for consideration.
The Government Audit and Oversight Committee recommended the resolution for adoption.
The Board of Supervisors adopted the resolution designating authorized officers for accepting Tobacco Settlement Funds.
The Mayor approved the resolution, finalizing the designation of authorized officers.
Reconstructed from attached documents & the official record
