San Francisco Administrative Code § 2.40 Inclusion of Landlord Passthrough Language

Any proposal for bonded indebtedness submitted pursuant to this Article VII shall include, as a provision of the ordinance submitting such proposal to the voters, language incorporating and authorizing the passthrough of the change in a landlord’s property tax resulting from the repayment of such indebtedness as provided in Administrative Code Section 37.3(a)(6).

A resolution determining that the public interest or necessity demands the acquisition, construction or completion of the specific public improvement to be financed under such a proposal, submitted to the Board pursuant to Section 2.31, shall contain a separate statement that the ordinance submitting such proposal to the voters shall comply with this Section.

(Added by Ord. 252-06, File No. 061183, App. 10/11/2006; amended by Ord. 92-24, File No. 240174, App. 5/10/2024, Eff. 6/10/2024, Oper. 7/1/2024)