Part ofFinance →

The civic record

Read. Follow. Verify.

CITY AND COUNTY OF SAN FRANCISCOlocal legislationPending Committee Action

Proposed $250 Million Increase for Power Enterprise Commercial Paper Program

Original title: Increase of Power Enterprise Commercial Paper Program - Not to Exceed $250,000,000

Record date · November 27, 2018

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

This proposes increasing the authorized limit of the Power Enterprise Program by $250 million. The proposal is currently pending review by the Budget and Finance Committee.

Why it matters

This would authorize the city to issue up to $250 million in additional short-term debt to fund utility-related projects or operations.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Power Enterprise

The entity would gain the authority to issue up to $250 million in additional short-term debt.

Indirectly affected

City taxpayers

The city's debt obligations and potential interest payments are impacted by the expansion of the commercial paper program.

Key Facts

The ordinance proposes an increase to the Power Enterprise Commercial Paper Program limit.
The proposed increase is capped at $250,000,000.
The file is currently designated as 'Pending Committee Action'.
The ordinance was introduced on November 27, 2018.

Show all 5 facts

The Budget and Finance Committee is the body responsible for reviewing this proposal.

Frequently Asked Questions

What is a commercial paper program?

It is a method used by government entities to issue short-term debt to cover immediate cash flow needs or project costs.

Has this ordinance been approved?

No, the status is currently 'Pending Committee Action'.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Follow the record

Votes, people, money & the original source

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Utility Debt Expansion

The document represents a significant increase in the short-term borrowing capacity for the city's power utility.

Power Enterprise Commercial Paper Program

Connected Entities

Budget and Finance Committee, Power Enterprise Commercial Paper Program

OrganizationBudget and Finance Committee“The committee currently reviewing the ordinance.”Map →

OrganizationPower Enterprise Commercial Paper Program“The municipal utility program seeking the debt limit increase.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

Publisher tools