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Supervisors agree to continue review of revenue‑bond oversight; propose short extension and deeper review
Summary
After public testimony urged either stronger independent oversight or a short extension, the Rules Committee agreed to continue work on legislation extending the Revenue Bond Oversight Committee (RBAC), make technical fixes and amend the ordinance to extend the sunset date to Jan. 1, 2016 pending further review.
Supervisor Mark Farrell introduced an ordinance to extend the sunset date for the Revenue Bond Oversight Committee (RBAC), a citizen body created by Proposition P to provide public oversight of Public Utilities Commission revenue bond spending tied to multibillion‑dollar capital programs.
Kevin Chang, RBAC chair, described the committee's efforts to audit and monitor large projects within the Water System Improvement Program and said the oversight role remains important while major spending continues.
Former Supervisor Tony Hall, who…
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