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Committee sends $3 billion SFO revenue bond package and appropriation to full board
Summary
The Budget & Finance Committee voted to forward a resolution authorizing up to $3 billion in San Francisco International Airport revenue bonds and an ordinance to appropriate $3.8 billion in bond proceeds to the Board of Supervisors with a positive recommendation after airport finance staff described conservative stress tests and historical resilience.
San Francisco’s Budget and Finance Committee on Jan. 22 moved to forward to the full Board of Supervisors a resolution to authorize up to $3,000,000,000 in second-series revenue bonds for San Francisco International Airport (SFO) and an ordinance to appropriate $3,800,000,000 of bond or commercial paper proceeds to the Airport Commission, placing those proceeds on the controller’s reserve pending receipt.
Kathy Widener of the San Francisco International…
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