. >> good evening, ted eagan, this legislation has introduced about three weeks ago. and did you know that we have an obligation to report on it having a material economic impact within 30 days. and given the scheduling of your meeting, i was asked to prepare not our final report, which is not prepared yet, but our thoughts on this legislation as of this point. our final report is probably two or three days away and so we are quite close to it, but i want to clarify that this is based on our reading so far. if we could go and ask sfgtv to go to the presentation? and i can take it from there. i also wanted to just clarify for you that we received president chiu's amended legislation on july third and this is based on the analysis of the amended version of the legislation, as the supervisor told you there was significant changes between the original and the amended version but what we are talking about is the new amended version. first i want to give you an overview and i will echo what the supervisor told you, but i just want to set the stage sfo some of my later remar