SFGTV January 18, 2015
Introduce new business, supervisor avalos. Thank you madam clerk. A couple of items for introduction today. One is a request for the City Attorney to draft legislation that would set us in motion to create a Municipal Development corporation. As you all know i have been working for a number of years on the creation of a public bank, a Municipal Bank for the city and county of San Francisco. The public bank could eventually take over the citys banking functions that are currently performed by bank of america and wells fargo and issue forms of debt and refinance the citys general obligation bond...