collaboration or detail on any of the projects. >> i have one question. of the capital project expenditures, what percentage of the major projects -- what percentage of these projects would be like the three or four big ones? >> most of the money going for those is for those projects. >> be no worse and francisco is that, in terms of if we can fill the requested capital contributions? and how much they will be purchasing? >> just the capital. >> these contributions -- we're working on this with a mass transit authority.

we are responsible for matching the capital grants, but since this has been in place we have been trying to use this offset and we're getting to the place where with the tough financial years that we have had, we're running out of funding. i think that we will be able to get very close, trying to mix and match the share with the eligibility issues. the bottom line is that we got pretty close to what they can actually provide for the capital budget. i think this is the order of 4- $6 million. >> if you can keep me up to date, i will appreciate this. >> and are there other questions? >> i have one question and maybe will cover this later.

to be clear, in terms of the projects being proposed right now, is there any money allocated in the budget for the fort mason tunnel extension? this is a project we have been talking about a lot in my district. i just want to be clear about where the funding -- the lack of funding is one of the biggest issues and i want to see where you are with this. >> we will pass the question over to maria. >> let me introduce myself. i am the chief deputy. the fort mason tunnel is not included in the plan. we have not been approached about something like this. the extension does have about $5 billion in the infrastructure plan, however, this would be included in the five-year program for the system.

this is a larger category that names this project. when this last program came before the committee last year, after the previous commissioner, alioto-pier did not want to include this, i think the expenditure plan so that we could provide the remaining funding, until there is a larger funding plan in place. >> this is earmarked wherever. >> i know that one of the other projects -- i was wondering in the next year, about the expenditures on those projects. >> this is 1-$3 million that will be spent.

the planning division in the coming fiscal year, if there was any more budget we could bring this to you back and around january or march. >> and other any other questions? please continue. >> if there are no further questions on the authority, i would like to say that we are seeking approval for the fiscal year 2011-2012 from this committee. >> we will open this up for public comment. is there anyone from the public who wish to speak? seeing none, we will close public, and can we move this forward without objection? thank you. please call the next item. >> said in federal legislative update. this is an information item. -- state and federal legislative update. this is an informational item. >> the legislative update this

month. >> i wanted to just give you what was going on with respect to the recommended legislation for washington. we're in the midst of the legislative session. many of these bills will be taken to this file, and the senate will take up a new system and the assembly will take this off on the 27th. you will see a lot of this, with the bills that will make it onto the floor. this to pass $8 million, with $13 billion in new cuts, and we

have been revising this. this will be a purely cut budget, where the governor will propose 12-$13 billion in cuts across the state. and the other proposed budgets that we are looking at. this will bring along the same ideas that the governor proposed earlier this year. this is with respect to tax increases. we do not see the support for the republicans and the majority -- this is the revenue generating budget. one of the concerns that thinking may be interested in is the protection that we receive under the budget and the transportation. this will go back to the

legislature, and we are protected with those funds. with proposition 22, the super majority is now protected. we do not need that to be able to do this by the legislature. we are protected by those funds. and moving forward, looking at the no budget situation, the results of the budget -- that would essentially run out of cash. they definitely have to see what happens at this time. right now, this is one of the scenarios that we have, no budget.

the treasurer -- but cannot sell bonds with respect to this, and we have spoken with the treasurer and this has gone to wall street to talk about the appetite that they have to have the california bonds without the passage of the budget. we will be working with the treasurer's office, in getting periodic updates. with respect to what we're getting from the authority, we have 76 -- parking and the maufas bill. this is page 25. this would cap prop 1-a for the amount that is already available. and this is already the high- speed rail program. both of these have been held in committee, and now they come to

the offer and the committee, the committee into each other to work on the next step. the next bill, the stills with the transit visit development, and it opens a leave of the law for government infrastructure by eliminating the requirement for approval of the infrastructure plan. this bill is on the assembly floor, and i don't see as having any problems with this, and the next bill i want to highlight, a this is-- this is ab-- >> this would give more flexibility for infrastructure financing, for trarnsit village development, with affordable

housing? mr. elsbernd? >> and eliminates the requirement for the election. >> i would follow up on how supervisor mar characterized it. the bill would require a certain amount be spent on affordable housing. >> it does set up criteria -- >> it makes it more flexible, but less flexibile by specifying how it will be spent. >> to use the revenue for the purposes of improving moderate income housing supply, for moderate income housing? thank you. >> and next bill is ab-1041, another bill. this would permit -- this will

extend the current law, that allows sentences to to use the support it -- enforcement of the transportation lanes and the issuance of citations based on the photo evidence of transit and parking. this is phase six of the handout. this will be taken up at any time. this bill provides provisions for the content, and it allows and authorizes the local agencies for the bidders with 60% more domestic content and

the united states. this bill is on page 18 of the handout, and the assembly appropriations. the next bill -- the latest amendments change the bill, for the caltrans project. it will delete the initial prior version of the bill, and have this sent to the assembly. and we will bring this back to you. the next bill that we have is a bill that provides the local red light cameras, with the automated traffic enforcement system to make certain that the red light programs are efficient.

and we have this in senate appropriations. the next bill -- this is similar to a be 41, to extend the conflict of interest requirements for high-speed rail. this would require the high- speed rail official to identify any conflicts or potential conflicts that they may have. and this is on the consent calendar, and it will be taken up on the assembly to the next week or so. this would update the 1990 law with using private financing and infrastructure, and they currently remain exclusive. the private financing -- that is the idea behind this. this is on the senate floor and

available for them to take up. >> thank you for the great presentation? are there any questions? >> you told me to put you on the spot, what is generally going on with the senator and high speed rail. the various hearings -- not just him, but gordon and all that has been going on. i am just curious from your perspective. >> i am not certain what is going on but this has to do with the available money that is out there. this may have been today or yesterday. another state declined money for the high-speed rail. in california has taken a percentage of that, that has been targeted for the valley.

these are the dynamics occurring, with respect to who is getting the money. >> thank you. >> and there are no other questions? >> i just want to talk about the bills that we have the position on today. this should be on page 29 of the package. this would free up the funds for the tax account, for the annual restriction. this goes to the state and local governments, to fund the state highway account. and this allows for the gas tax -- gas tax revenues for the budget and the local railway projects, and also their ability to manage state contracts. >> and this is the highway users' tax account.

>> this references the fair amount. the other thing we recommend taking a position on -- this is 517. this would move the high speed rail authority under the business transportation and housing agency, the state of california has a very complex transportation system and it seems like they would have a more integrated approach to bring this funding under the current transportation. this is a very large department and it is important to integrate a high-speed rail under this. >> the action items are to support this? if there are no questions, we open this up for public comment. >> the high-speed rail authority -- we have a condition of support on this.

i have only followed the politics of this on the periphery of, but i know that they have not been the biggest fan of high-speed rail. this may be a question for the lobbyists. but are we thinking of taking this to the high-speed rail and supporting this? and supporting the terminal and all of these issues in and around san francisco? is it worth send the city and county of san francisco support this bill? >> we are just thinking about going forward with high-speed rail, and how they will function as part of the transportation. the intent is not to be picking any kind of fight, as far as streamlining the process and making certain that this function is the most efficiently. >> and the right policy, when i may be looking for is the right

politics? what is the cost benefit analysis for the city and county of san francisco to say that we support this? inari alienating the chairman? does he like this? is this worth it? >> currently, as you may know, there is a law that goes back and forth that was authorized, and this would be one way of streamlining everything around that. not having a completely independent high-speed program. making certain that we get this under a single entity, to handle the magnitude of the program. with respect to the politics, i do not think of supporting this bill would put us into any compromise with any of the other

parties. they are governed by a larger agency. we will make a few phone calls -- between now and the authority. >> this is for sb-517. >> we will soon decide on floor without recommendation. >> thank you. we will open this up for public comments. is there anyone who would wish to speak? we will close public comment. can we move this forward without recommendation? without objection, thank you. the next item? >> this is for the nine months ending march 1, this is

information item. -- is an information item. >> this is the quarterly update of the financial position as of march 31, 2011. the authority had $193 million worth of assets, with $214 million of liability. this includes $150 million of outstanding commercial paper, and in terms of the revenue, the authority has selected $50.1 million of revenue and we are on target with what we expected to collect for the fiscal year. the expenditures of $54.8 million, as of march 31. they have already had cash deposits and investments. this amount is 93% of the

funding and this is the city and county treasury report. we are in compliance with the california government code, with the liquidity in the funding for the next six months. with that, this is an inflammation in and there is no action for this. i would be happy to answer any questions. >> seeing no questions, we will openness for public comment. is there anyone who would like to speak? public comment is closed. the next item? >> this is the information item. >> we will openness for public comment? public, disclosed. and other any other items before us? >> item #7 is public comment. >> and other any comments from the public? are there any other items?

>> item #8 is adjournment. >> the meeting is adjourned. >> this lodge is home to some of the best fly casting pools in the world. these shallow concrete pools don't have fish. this is just a place where people come to practice their fly casting technique. ith was built in the 1930's and ever since, people have been

coming here to get back to nature. every year, the world championship of fly casting is held in san francisco and visitors from all over the globe travel to be here. >> we are here with phil, general manage of san francisco rec and parks department at the anglers lodge. what do you think about this? >> it is spectacular, travis from oregon, taught me a snake roll and a space cast. >> there are people from all over the world come to san francisco and say this is the place to be. >> yeah. it's amazing, we have teams from all over the world here today and they are thrilled. >> i flew from ireland to be here. and been practicing since for the competition. all the best casters in the

world come here. my fellow countryman came in first place and james is on the current team and he is the head man. >> it's unique. will not see anything like it where you go to compete in the world. competitions in ireland, scotland, norway, japan, russia each year, the facilities here in the park are second to none. there is no complex in the world that can touch it. >> i'm here with bob, and he has kindly agreed to tell me everything i need to know about casting. i'm going to suit up and next, we're in the water. >> what any gentleman should do. golden gate angling has free lessons the second saturday of every month. we have equipment show up on the

9:30 on the second saturday of every month and we'll teach them to fly cast. >> ok. we are in the water. >> let me acquaint you with the fly rod. >> nice to meet you. >> this is the lower grip and the upper grip. this is a reel and a fly line. we are going to use the flex of this rod to fling away. exactly as you moved your hands. >> that's it? >> that's it. >> i'm a natural. >> push both arms forward and snap the lower hand into your tummy. push forward. >> i did gave it a try and had great time but i might need some more practice. i met someone else with real fly casting skills. her name is donna and she is an international fly casting champion. >> i have competed in the casting ponds in golden gate park in san francisco.

i have been to japan and norway for fly casting competition. i spend my weekends here at the club and at the casting pond. it's a great place to learn and have fun. on a season day like this, it was the perfect spot to be. i find fly casting very relaxing and also at the same time very challenging sport. takes me out into the nature. almost like drawing art in the air. and then i can make these beautiful loops out there. >> even though people from across the globe come here to compete, it's still a place where locals in the know relax and enjoy some rely unique scenery. until next time, get out and play!

>> there has been an acknowledgement of the special places around san francisco bay. well, there is something sort of innate in human beings, i think, that tend to recognize a good spot when you see it, a spot that takes your breath away. this is one of them. >> an icon of the new deal. >> we stood here a week ago and we heard all of these dignitaries talk about the

symbol that coit tower is for san francisco. it's interesting for those of us in the pioneer park project is trying to make the point that not only the tower, not only this man-built edifice here is a symbol of the city but also the green space on which it sits and the hill to which is rests. to understand them, you have to understand the topography of san francisco. early days of the city, the city grows up in what is the financial district on the edge of chinatown. everything they rely on for existence is the golden gate. it's of massive importance to the people what comes in and out of san francisco bay. they can't see it where they are. they get the idea to build a giant wooden structure. the years that it was up here, it gave the name telegraph hill. it survived although the structure is long gone. come to the 1870's and the city

has growed up remarkably. it's fueled with money from the nevada silver mines and the gold rush. it's trying to be the paris of the west. now the beach is the suburbs, the we will their people lived on the bottom and the poorest people lived on the top because it was very hard getting to the top of telegraph hill. it was mostly lean-to sharks and bits of pieces of houses up here in the beginning. and a group of 20 businessmen decided that it would be better if the top of the hill remained for the public. so they put their money down and they bought four lots at the top of the hill and they gave them to the city. lily hitchcock coit died without leaving a specific use for her bequest. she left a third of her estate for the beautify indication of the city. arthur brown, noted architect in the city, wanted for a while to build a tower. he had become very interested in persian