Redevelopment: successor agency debt: City and County of San Francisco.

Summary

The law gives the agency that succeeded the dissolved San Francisco Redevelopment Agency the power to borrow money and sell bonds to build affordable homes and needed infrastructure tied to several development agreements, including the Transbay project. It sets rules for securing those bonds with property‑tax revenues, extending tax‑increment pledges, and requires oversight board approval. The measure aims to restore financing tools lost when redevelopment agencies were dissolved.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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