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Board passes first-reading ordinance to create green financing option for water and pollution controls
Summary
The Board of Supervisors passed on first reading an ordinance to amend the administrative code to allow special tax financing for water conservation and water pollution control equipment, establishing a citywide green loan or financing program and enabling subdistricts under state Mello-Roos law.
The San Francisco Board of Supervisors on Tuesday approved on first reading an ordinance that would amend the administrative code to authorize formation of special tax districts and issue bonds to fund water conservation and water pollution-control equipment.
The measure, introduced by Supervisor Maher, would establish a citywide green loan or financing program to pay for eligible facilities and improvements through special tax funds. “This item 10 would establish a green loan program or a green financing program. It would…
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