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OCII amends debt policy to reflect SB 107 and best-practice standards
Summary
The OCII Commission on Oct. 5 approved amendments to its debt policy (Resolution No. 32-2021) to incorporate legislative changes including Health & Safety Code section 34177.7 (SB 107), updated Government Code guidance and more detailed internal controls; staff said the draft received WPTA certification.
The San Francisco Office of Community Investment and Infrastructure Commission voted 4-0 (one absent) on Oct. 5 to adopt amendments to its debt policy intended to reflect recent legislation and document strengthened debt-management practices.
Brie Porter, director for finance administration, told commissioners the update codifies recent legislative changes—most notably Health and Safety Code provisions often…
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