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Supervisors approve PUC appropriations and wastewater revenue bonds totaling hundreds of millions
Summary
The Board approved ordinances to appropriate roughly $33.7 million for Water Enterprise capital projects, about $348 million in state grants for the Wastewater Enterprise capital program and authorized issuance of up to $298.8 million in wastewater revenue bonds for the Public Utilities Commission.
The San Francisco Board of Supervisors voted unanimously Tuesday to approve a package of ordinances advancing capital financing for the San Francisco Public Utilities Commission (SFPUC).
The three measures — grouped as items 21 through 23 on the consent calendar — appropriate approximately $33.7 million of debt and fee revenue for the Water Enterprise Capital Improvement Program for fiscal years 2010–11 and 2011–12; appropriate about $348 million in state grant and debt proceeds for the…
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