Schedules a public hearing about: Hearing of the Board of Supervisors sitting as a Committee of the Whole on June 16, 2026, at 3:00 p.m., to hold a public hearing to consider the an official statement allow the Director of Transportation to enter into a loan agreement with the Metropolitan Transportation Commission as lender, for San Francisco Municipal Transportation Agency public transit operating purposes, up to a maximum principal amount of $200,000,000, for a 12 year term from July 1, 2026, through June 3, 2038, pursuant to Assembly Bill No. In short: it commits city money.
Hearing of the Board of Supervisors sitting as a Committee of the Whole on June 16, 2026, at 3:00 p.m., to hold a public hearing to consider the Resolution authorizing the Director of Transportation to enter into a loan agreement with the Metropolitan Transportation Commission as lender, for San Francisco Municipal Transportation Agency public transit operating purposes, up to a maximum principal amount of $200,000,000, for a 12 year term from July 1, 2026, through June 3, 2038, pursuant to Assembly Bill No. 117 (File No. 260624); scheduled pursuant to Motion No. M26-050 (File No. 260652), approved on June 9, 2026.
How it got here
This legislation originated from the need for the San Francisco Municipal Transportation Agency to secure funding for public transit operations through a loan agreement authorized by Assembly Bill No. 117.
The SFMTA Board of Directors approved the FY26-27 & FY27-28 Proposed Budget, which included a $200 million loan from the state to address funding gaps.
Assembly Bill 117 was enacted, requiring the State Transportation Agency to provide a loan of up to $590 million to the Metropolitan Transportation Commission by July 1, 2026, for public transit operating purposes.
The Board of Supervisors approved Motion No. M26-050, scheduling a public hearing to consider the loan agreement with the Metropolitan Transportation Commission.
A public hearing was scheduled for the Board of Supervisors sitting as a Committee of the Whole to consider the resolution authorizing the loan agreement with the Metropolitan Transportation Commission.
Reconstructed from attached documents & the official record
A formal position or approval by the Board: Allow the Director of Transportation to enter into a loan agreement with the Metropolitan Transportation Commission as lender, for San Francisco Municipal Transportation Agency public transit operating purposes, up to a maximum principal amount of $200,000,000, for a 12 year term from July 1, 2026, through June 3, 2038, pursuant to Assembly Bill No. In short: it commits city money.
An internal Board decision: Motion directing the Clerk of the Board of Supervisors to schedule a Committee of the Whole hearing on June 16, 2026, at 3:00 p.m., for the Members of the Board of Supervisors to consider the an official statement allow the Director of Transportation to enter into a loan agreement with the Metropolitan Transportation Commission as lender, for San Francisco Municipal Transportation Agency public transit operating purposes, up to a maximum principal amount of $200,000,000, for a 12 year term from July 1, 2026, through June 3, 2038, pursuant to Assembly Bill No. In short: it commits city money.