clerk: item 24 is resolution to approve with the internal revenue code of 1986, the california municipal finance authority, also known as the authority and certain local agencies such as the city and county of san francisco, issuance of revenue bonds in an aggregate principle amount not to exceed $40 million and the loans therefore to school inc. facility. >> president breed: without objection, the resolution is adopted unanimously. >> clerk: item 25, ordinance to approve the assessor's award for information that led to the detection of underpayment of property tax from an unreported change in ownership. >> president breed: same house, same call. passed unanimously. >> item 6, setting the budget and legislative analyst services audit plan, the first is for the san francisco municipal transportation agency to review trends in muni ridership and revenues and the effectiveness of management of the traffic congestion and the impact. the second is the effectiveness of the city's workforce development programs for low-income, homeless and formally homeless adults. the third is for the office of economic and wor

. >> resolution of revenue bonds by the california municipal finance authority not to exceed $40 million and up to note school. >> we have michelle back. good afternoon, again. >> thank you for considering this item. also in attendance i believe we have dave lesing and anthony such. >> we also want to recognize moses corsette from supervisor kim's office. >> the act allows for tax exemption on interest for certain kind of debts issued through joint power authorities. that would be issued through the california authority to which is city is a participating mender. they can issue bonds, notes and other forms of debt. the resolution before you today, because federal tax law requiring that the governoring body provide this before the bonds can be issued on a tax exempt basis. the city of san francisco is not obligated for any payment on the bonds. a hearing notice was published in the san francisco chronicle. no comments from any members oh of -- of the public were heard or received. the csa expects to issue tax exempt obligations in an amount not to exceed $40 million. prior loans for proje