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(a) Establishment of Fund. The San Francisco Seismic Safety Loan Fund is established as a category four fund to receive all proceeds from the sale of bonds under the Earthquake Loan Bond Program, 1992, as described in Ordinance 217-92 and in Chapters 66 and 66A of the San Francisco Administrative Code (other than any premium or accrued interest thereon).
(b) Use of Fund. The fund shall be used solely in accordance with Chapters 66 and 66A of the San Francisco Administrative Code, as amended from time to time, those regulations adopted by the Board of Supervisors or the agency or entity designated by the Board of Supervisors to administer the Seismic Safety Retrofit Program, and any resolutions adopted by the Board of Supervisors authorizing the issuance of bonds and sale of any series of bonds pursuant to the Earthquake Loan Bond Program, 1992.
(Added by Ord. 316-00, File No. 001911, App. 12/28/2000)