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Supervisors advance authority for San Francisco General and park bond issuance totaling up to $370 million
Summary
The Budget & Finance Committee voted to forward to the full Board a package authorizing sale of up to $305 million in San Francisco General Hospital bonds and up to $65 million in Clean and Safe Neighborhood Park bonds, with the Comptroller pitching combined issuance to lower costs and an expected offering in late February.
The Budget & Finance Committee on Feb. 3 voted to forward to the full Board legislation authorizing the issuance of general obligation bonds to finance improvements at San Francisco General Hospital and neighborhood parks.
Nadia Saye, director of public finance in the Comptroller's Office, told the committee the administration seeks authority for a not-to-exceed $305 million series for San Francisco General Hospital and up to $65 million for Clean and Safe Neighborhood Park bonds. Combining the two sales would produce an aggregate…
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