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Committee forwards bond, commercial‑paper and port ARPA items to full Board
Summary
The Budget & Finance Committee advanced multiple finance measures: authorization to issue up to $385 million in G.O. refunding bonds, reauthorization of $100 million in commercial paper with a new Bank of the West facility, and acceptance of $14.4 million in ARPA funds for the Port; all items were forwarded to the Board with positive recommendations.
At its March 23 meeting the Budget & Finance Committee considered several finance items and approved forwarding them to the full Board with positive recommendations.
Items 3 and 4: The committee considered an ordinance and resolution to appropriate and authorize issuance of up to $385 million of general‑obligation refunding bonds (series 2022‑R1) intended to refund callable prior GO bonds (including hospital and earlier series). The Controller’s Office and the Budget…
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