City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
040101
Name:
Interest on Residential Rental Security Deposits:
interest calculated according to 6-Month Certificate
of Deposit rate published on Federal Reserve
Statistical Release internet site
Status:
Type:
Ordinance
Passed
File created:
In control:
1/27/2004
Board of Supervisors
On agenda:
Final action:
5/20/2004
Enactment date:
82-04
Enactment #:
Title:
Ordinance amending Administrative Code Chapter 49 “Security Deposits for Residential Rental
Property,” at Section 49.2 “Payment of Interest on Security Deposits,” to provide that the required
interest on security deposits be calculated according to the 6-Month Certificate of Deposit rate as
posted by the Federal Reserve on the Federal Reserve Statistical Release internet site (instead of on
the basis of the Federal Reserve’s singular Federal Discount Rate, which has been discontinued).
Sponsors:
Aaron Peskin
Attachments:
1. Leg_Ver1, 2. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/27/2004
1
RECOMMENDED
Land Use Committee
4/19/2004
1
Pass
PASSED ON FIRST READING
Board of Supervisors
4/27/2004
1
Pass
FINALLY PASSED
Board of Supervisors
5/11/2004
1
Pass
APPROVED
Mayor
5/20/2004
1