Revenue Bond Oversight Committee
The Revenue Bond Oversight Committee ended on Jan. 1, 2025, pursuant to San Francisco Administrative Code Section 5 A.36.
The SFPUC Audit Bureau has taken over the duties of the Revenue Bond Oversight Committee. The Audit Bureau provides oversight to ensure revenue bond proceeds are:
- Used lawfully and in accordance with the authorizing bond resolution,
- Expended solely for uses, purposes and projects authorized in the bond resolution, and
- Appropriately expended for authorized capital improvements
The SFPUC, the Controller’s Office and independent auditors will conduct audits. The SFPUC Annual Audit Plan outlines the planned audits.
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Agendas and Minutes
On November 5, 2002, the voters of San Francisco adopted Proposition P, an ordinance that established the Public Utilities Revenue Bond Oversight Committee (Committee). The ordinance, which has been incorporated into the San Francisco Administrative Code as Chapter 5, Article V, Sections 5A.30 – 5A.36, set forth the authority, duties and responsibilities of the Committee, and established qualifications for Committee membership and related provisions.
There are no meeting agendas or minutes available at this time.