File #: 020296    Version: Name: Residential Tenant Security Deposits
Type: Ordinance Status: Passed
Introduced: 2/19/2002 In control: Board of Supervisors
On agenda: 6/17/2002 Final action: 7/5/2002
Enactment date: Enactment #: 107-02
Title: Ordinance providing that annual landlord interest payments on residential tenant security deposits shall be paid at an interest rate determined annually by the Residential Rent Stabilization and Arbitration Board from the posted Federal Reserve Discount rates, instead of continuing to be paid at a five percent (5%) simple interest rate as provided by the current ordinance, and clarifying that interest accrues until termination of the tenancy.
Sponsors: Aaron Peskin, Chris Daly, Mark Leno, Gavin Newsom
Attachments: 1. Leg_Ver1, 2. Leg_Ver2, 3. Leg_Final
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.