This ordinance reallocates $43,505,000 in bond funds away from the Department of Public Health and directs $83,475,000 in new bond funds to both the Department of Public Health and the Recreation and Park Department for the fiscal year 2026-2027. It also places the new funds on reserve until the bond proceeds are received.
Ordinance de-appropriating $43,505,000 General Obligation (GO) Bond proceeds from 2020 Health and Recovery GO Bonds, Series 2025G from the Department of Public Health (DPH) and appropriating $83,475,000 of GO Bond proceeds from 2020 Health and Recovery GO Bonds, Series 2026B to the DPH and Recreation and Park Department (REC) in Fiscal Year 2026-2027; and placing the $83,475,000 in Series 2026B proceeds on Controller’s Reserve pending receipt of bond proceeds.
How it got here
This legislation originated from the need to reallocate General Obligation Bond proceeds for health and recovery projects in San Francisco.
The Mayor's Office submitted an ordinance to de-appropriate $43,505,000 from the 2020 Health and Recovery GO Bonds, Series 2025G, and appropriate $83,475,000 from Series 2026B for the Department of Public Health and Recreation and Park Department for FY 2026-2027.
The Capital Planning Committee reviewed the proposed ordinance as part of the process for the fourth issuance of the 2020 Health and Recovery Bonds.
The Budget and Finance Committee held a hearing to discuss the ordinance, which included the de-appropriation and appropriation of bond proceeds.
The Board of Supervisors considered the ordinance during its first hearing, marking a step towards final approval.
The Board of Supervisors held a second hearing on the ordinance, continuing the legislative process.
The anticipated sale and closing of the bonds from the 2020 Health and Recovery GO Bonds, Series 2026B, is scheduled for this month.
Reconstructed from attached documents & the official record
