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Committee recommends tax‑exempt refunding for Progress Foundation to full Board
San Francisco Board of Supervisors — Budget and Finance Subcommittee · April 10, 2013
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Summary
The subcommittee recommended the Board approve a tax‑exempt issuance (not to exceed $9 million) by the California Enterprise Development Authority to finance and refinance Progress Foundation capital facilities; Controller's Office staff said the transaction is a refunding with no fiscal impact on the City.
The Budget & Finance Subcommittee advanced to the full Board a resolution authorizing the issuance of tax‑exempt obligations (in a principal amount not to…
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