San Francisco, CA, USA, local Obligatory referendum [LOR] - Bonds: Approval by the voters

General Typology

Instrument
Obligatory referendum [LOR]
Location
San Francisco, CA, USA
Political level
local
Local Name:
Bonds: Approval by the voters
Normative Level:
statutory
Legally Binding:
yes
Legally Defined:

SEC. 9.109. REFUNDING BONDS.
The Board of Supervisors is hereby authorized to provide for the issuance of bonds of the City and County for the purpose of refunding any general obligation or revenue bonds of the City and County then outstanding. No voter approval shall be required for the authorization, issuance and sale of refunding bonds, which are expected to result in net debt service savings to the City and County on a present value basis, calculated as provided by ordinance.

References: Charter of San Francisco City and County (accessed 1 July 2021)

SEC. 380. EFFECTIVE DATE OF MEASURES.
Unless otherwise provided in the text of a proposed ballot measure, other than a Charter amendment, if a majority of the registered San Francisco voters voting on the measure vote in favor thereof, the measure shall go into effect 10 days after the date the official vote count is declared by the Board of Supervisors.
If a majority of the registered San Francisco voters voting on a Charter amendment vote in favor thereof, the Charter amendment shall go into effect once the amendment is accepted and filed by the Secretary of State pursuant to Government Code Section 34450, et seq.

References: San Francisco Municipal Elections Code (accessed 1 July 2021)

Subject Matter:

To approve bonds for refunding, which are expected to result in net debt service savings to the City and County on a present value basis, calculated as provided by ordinance.

Actors

Author:
Board of supervisors
Initiator:
Charter Law
Decision maker:
Local electorate

Requirements

Available Time:
Turnout Quorum:
None
Approval Quorum:
Majority of votes
Geographical Quorum:
None
Excluded Issues:

One issue instrument

Other Formal Requirements:

Procedural Elements

Wording Of Ballot Question:
Interaction With Authorities:
Supervision And Support:
Transparency And Finance:

Practice

Archive:
Remarks: