§ 43.4 — San Francisco Administrative Code

SEC. 43.4.1. UTILITY REVENUE BONDS; SUBMISSION TO VOTERS. ¶

Whenever the Charter requires that a Public Utilities Commission revenue bond issue be submitted to the voters, this Board by resolution adopted and signed by the Mayor shall submit the proposed revenue bond issue to the voters and shall set the date for the election.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.2. STATEMENT OF PURPOSE; INCIDENTAL EXPENSES; DISCRETION. ¶

The resolution authorizing submission of the proposed revenue bond issue may include any purpose authorized by the Revenue Bond Law of 1941, as it read, including amendments, on June 5, 1984, and may include any or all expenses incidental to such purpose or connected therewith and may include any combination of two or more such purposes.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.3. REGULAR OR SPECIAL MEETING. ¶

The resolution calling a revenue bond election may be adopted by a majority vote of all members at a regular or special meeting and at the same meeting at which it is introduced.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.4. CONTENT OF RESOLUTION. ¶

The resolution shall:

(a) State the purpose for which the bonds are proposed to be issued.

(b) State the maximum principal amount of the bonds.

(d) Fix the manner of holding the election.

(e) Fix the manner of voting on the issuance of the bonds.

(f) State that in all other particulars the election shall be held and the votes canvassed pursuant to law governing general municipal elections, the Charter, or as otherwise specified in such resolution.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.5. REGULAR OR SPECIAL ELECTION; OTHER PROPOSITIONS. ¶

The resolution may provide for a special election to consider the revenue bond proposition or propositions or it may provide for including the revenue bond proposition or propositions in any city-wide election.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.6. PAYABLE ONLY FROM REVENUES; NOT TO BE SECURED BY TAXING POWER. ¶

The resolution shall state that the bonds are to be revenue bonds, payable exclusively from the revenue of a Public Utilities Commission Enterprise and the resolution shall also state that the bonds are not to be secured by the taxing power of the City and County of San Francisco.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.7. PUBLICATION AND DISTRIBUTION. ¶

The ballot proposition authorizing a sale of revenue bonds shall be printed in the voters' pamphlet and mailed to each registered voter pursuant to Charter Section 9.110. No other publication, mailing or distribution shall be required.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.8. MAJORITY VOTE OF ELECTORATE REQUIRED. ¶

The votes of a majority of all the voters voting on the proposition to issue revenue bonds are required to authorize the issuance of the bonds.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

SEC. 43.4.9. ISSUANCE AND SALE OF AUTHORIZED BONDS. ¶

If the issuance of the bonds is authorized at the election, the Public Utilities Commission shall provide for their issuance and sale.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)