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200296
| 2 | | Authorization to Borrow Funds - Short-Term Loan Program for SARS-CoV-2 Impacted Small Businesses - Treasurer-Tax Collector - Line of Credit Amount Not to Exceed $20,000,000 | Ordinance | Killed | Ordinance authorizing the Treasurer to secure a short-term line of credit in an amount not to exceed $20,000,000, or in the alternative, partner with one or more financial institutions, for the purpose of providing short-term emergency unsecured loans to small businesses with a physical location in San Francisco that are unable to meet rent, mortgage, or other fixed operating costs as a result of the economic downturn caused by SARS-CoV-2. | CONTINUED | Pass |
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200297
| 1 | | Appropriation - Short-Term Loan and Interest Proceeds - $20,000,000 - General Reserve $600,000 - Treasurer and Tax Collector’s Office - Individual Loans for Small Businesses Impacted by SARS-COV-2 - Appropriation - Event of Loan Default - $20,000,000 | Ordinance | Killed | Ordinance appropriating $20,000,000 of short-term loan proceeds and $600,000 of the General Reserve to the Office of the Treasurer’s and Tax Collector to administer individual loans for small businesses impacted by SARS-COV-2 , appropriating $20,000,000 for loan default, and authorizing the Controller to reduce the loan default appropriation to the amount defaulted by June 30, 2021. | CONTINUED | Pass |
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