Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commissioner asks staff to explore possible San Francisco municipal bank; staff to prepare memo
San Francisco Local Agency Formation Commission · October 26, 2012
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Commissioner Abalos asked LAFCO staff to research the feasibility of a municipal bank, identifying regulatory and legal issues; staff agreed to prepare a memo and to work with commissioners and city legal counsel as needed.
Commissioner Abalos told the Local Agency Formation Commission he has been exploring the idea of creating a municipal bank that could be an independent local authority under LAFCO's purview and could support loans for small businesses, nonprofits and public projects.
"I've been exploring over the past year and a half the idea of the creation…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
