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Ordinance#260477Passed
In plain English

Proposes a change to city law: Allow the issuance and sale of tax-exempt or taxable Water Revenue Bonds and other forms of indebtedness by the San Francisco Public Utilities Commission (“Commission”) in an aggregate principal amount not to exceed $570,508,918 to finance the costs of various capital water and Hetch Hetchy Water projects benefitting the Water Enterprise pursuant to amendments to the Charter of the City and County of San Francisco enacted by the voters on November 5, 2002, as Proposition E.

Ordinance authorizing the issuance and sale of tax-exempt or taxable Water Revenue Bonds and other forms of indebtedness by the San Francisco Public Utilities Commission (“Commission”) in an aggregate principal amount not to exceed $570,508,918 to finance the costs of various capital water and Hetch Hetchy Water projects benefitting the Water Enterprise pursuant to amendments to the Charter of the City and County of San Francisco enacted by the voters on November 5, 2002, as Proposition E; authorizing the issuance of Water Revenue Refunding Bonds and the retirement of outstanding Water Enterprise Commercial Paper; 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.

Introduced: May 5, 2026
Final action: Jun 11, 2026
Official record ↗

How they voted

Legislative journey

Clerk of the BoardMay 1, 2026
·RECEIVED
PresidentMay 5, 2026
ASSIGNED
Budget and Appropriations CommitteeMay 20, 2026
RECOMMENDEDPass
Board of SupervisorsJun 2, 2026 – Jun 9, 2026
PASSED ON FIRST READINGPass
FINALLY PASSEDPass
MayorJun 11, 2026
APPROVED