San Francisco Administrative Code § 32.22 Management of Bond Proceeds

Unless provided otherwise in any bond resolution adopted pursuant to the provisions of this Chapter, the Chief Administrative Officer, acting on the recommendation of the Controller:

(a) May invest and reinvest both the bond proceeds and the revenues from the financing of residential rehabilitation, and

(b) May manage fiscally the proceeds of bonds issued for the purpose of establishing a residential rehabilitation loan fund, or

(c) Together with the Purchaser may enter into contractual arrangement with private lending institutions or trust companies to manage the Residential Rehabilitation Loan Fund, including investment and reinvestment of the funds, disbursements from the fund and collection of revenues.

(Added by Ord. 23-74, App. 1/9/74)