mr. travetti. >> thank you. also in attendance, we have a representative from the san francisco conservatory of music who can speak to the details of the project request there are any specific questions about that. just to give the committee and members of the public a brief refresher on the tax equity and fiscal responsibility act allows joint authorities to issue certain types of debt for nonprofit public benefit corporations, and that that can then be issued on a tax exempt basis. but in order for that to happen, tax law requires that the governing body of the jurisdiction in which the project is located approve the financing and the project after providing the opportunity for a duly noticed public hearing before the bonds can be issued tax exempt. so this jurisdiction in this case is city and county of san francisco, and the city and county would not be obligated for payment on the bonds. we -- hearing notice was published in the san francisco chronicle on may 5th. we held a hearing at the budget and finance