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Committee forwards ordinance to extend Public Utilities revenue-bond oversight through 2019
Summary
The Rules Committee forwarded an ordinance to extend the Public Utilities Revenue Bond Oversight Committee (created by Proposition P) three years to Jan. 1, 2019, citing ongoing SFPUC bond issuances tied to a multi-year wastewater capital program.
The Rules Committee of the San Francisco Board of Supervisors on Oct. 8 forwarded an ordinance to the full Board that would extend the sunset date for the Public Utilities Revenue Bond Oversight Committee to Jan. 1, 2019.
Holly Kaufman, speaking as a member of the Oversight Committee, told the panel the committee "provides independent oversight of the bond proceeds expenditures for the PUC's capital projects" and that its work covers repair, replacement, expansion and seismic upgrades of the…
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