Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Claim Your Spot

Get email alerts on the Tax Exempt Financing topic

No spam. Unsubscribe anytime.

Subcommittee forwards tax‑exempt financing approval for Lick Wilmerding school refinance

Budget and Finance Subcommittee, San Francisco County · March 7, 2012
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee forwarded a resolution approving tax‑exempt obligations under IRC section 147(f) for up to $17 million to refinance capital facilities of Lick Wilmerding (no fiscal impact to the city), with the city not a party to the transaction.

Anthony Aberbon of the Comptroller’s Office of Public Finance briefed the subcommittee on a resolution approving issuance of tax‑exempt obligations under section 147(f) of the Internal Revenue Code of 1986 for refinancing capital facilities owned by Lick Wilmerding (the school). Anthony said the city is not a party to the transaction and there is no fiscal impact to the city. The subcommittee forwarded the resolution with recommendation; Supervisor Avalos sponsored the measure and described the school’s community benefits.

No public fiscal impact was reported and the subcommittee did not receive opposition at the hearing.

CivIQMessage your representative