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Budget Committee forwards ordinance authorizing up to $1.04 billion in water revenue bonds to full Board
Summary
The Budget and Appropriation Committee voted 5-0 to forward an ordinance authorizing issuance and sale of up to $1.04 billion in water revenue bonds to finance capital projects for the water enterprise and the Hetch Hetchy Water Project; the item was amended to add $5 million for an emergency repair.
The San Francisco Budget and Appropriation Committee on June 5 voted unanimously to forward to the full Board of Supervisors an ordinance authorizing the issuance and sale of tax-exempt or taxable water revenue bonds and other indebtedness not to exceed approximately $1,040,000,000 to finance capital projects for the city—s water enterprise and the Hetch Hetchy Water Project.
Chair Supervisor Connie Chan…
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