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Subcommittee advances $6.5 million tax‑exempt financing for French American International School
Summary
The committee advanced a resolution under IRC §147(f) approving tax-exempt revenue obligations up to $6.5 million to finance capital facilities for the French American International School; city staff said there is no fiscal impact to the city and the Board is not a party to the transaction.
The Budget & Finance Subcommittee advanced a resolution under section 147(f) of the Internal Revenue Code approving up to $6,500,000 in tax-exempt revenue obligations issued by the California Statewide Communities Development Authority for capital facilities owned by the French American International School.
Ahmed Elnajar, legislative aide to Supervisor London Breed, described the school’s proposed…
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