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Committee advances TEFRA approval for Alta Vista School financing to full Board
Summary
The Budget & Finance Committee voted to forward to the full Board a TEFRA resolution permitting issuance of up to $20 million in conduit revenue obligations through the California Enterprise Development Authority to finance Alta Vista School projects in San Francisco.
The Budget & Finance Committee of the San Francisco Board of Supervisors voted May 12 to forward to the full Board a TEFRA resolution that would allow the California Enterprise Development Authority (CETA) to issue up to $20 million in tax-exempt revenue obligations to finance projects for Alta Vista School.
Vishal Trivedi of the Controller's office told the committee the city itself would not be obligated on the debt and that the action is a required procedural…
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