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Rules Committee backs charter amendment to let PUC issue revenue bonds for power facilities
Summary
The Rules Committee on Feb. 1 recommended the Board send a charter amendment to voters that would authorize the Public Utilities Commission to issue revenue bonds for certain power facilities if approved by ordinance and a two-thirds Board vote.
SAN FRANCISCO — The Rules Committee voted Feb. 1 to forward a charter amendment that would allow the Public Utilities Commission to issue revenue bonds to finance certain power facilities, sending the measure to the full Board of Supervisors with a positive recommendation as a committee report.
Barbara Hale, Assistant General Manager for Power at the Public Utilities Commission, summarized the amendment to the committee: “This charter amendment would allow the public utilities commission to issue revenue bonds for facilities that…
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