Public Utilities Commission of the City and County of San Francisco
CUSIP 79768HBH0
- Issue Currency: United States of America Dollars
- Announcement Date: 24-Feb-2010
- News: Public Utilities Commission of the City and County of San Francisco has issued USD 21115M, 4.0% fixed rate bond due 01-Oct-2015. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 16-Apr-2015
- News: CUSIP: 79765RXZ7 Currency: USD Public Utilities Commission of the City and County of San Francisco announced today that under the Fifth Supplemental Indenture, it has amended and supplemented certain provisions of the Indenture relating to Debt Service Coverage, Bond Reserve Requirements, the conditions for issuing additional series of bonds effective on April 16, 2015. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 02-Nov-2016
- News: In accordance with Section 9.01(a) of the Amended and Restated Indenture, dated as of August 1, 2002, between the Commission and U.S. Bank National Association, as trustee (the Trustee), as amended and supplemented (the Indenture), and Section 99.01(a) of the Twenty-First Supplemental Indenture, dated as of October 1, 2016 (the Twenty-First Supplemental Indenture), between the Commission and the Trustee, at such time as the written consents of the Owners of a majority in aggregate amount of the Bond Obligation of the Bonds then Outstanding and of each Credit Provider (if any) have been filed with the Trustee, and the other requirements contained in the Indenture have been satisfied, the second sentence of the final paragraph of the definition of Maximum Annual Debt Service, Annual Debt Service, Debt Service, Average Annual Debt Service in Section 1.01 of the Indenture will be replaced in its entirety as follows: If the amount of Refundable Credits scheduled to be received by the Commission for any Series of Bonds that were issued as Build America Bonds is reduced or therwise not received during any twelve-month period ending June 30, the Commission will calculate the amount of interest due on such Series of Bonds for the subsequent twelve month period ending June 30 by offsetting against the gross amount of interest payable on such Series only the amount of the Refundable Credits scheduled to be received under Federal legislation (or other Federal regulation, pronouncement or action) authorizing the reduction of Refundable Credits. The holders of the San Francisco Water Revenue Bonds, 2016 Series AB (Refunding), have consented to this amendment. Amendment to Section 5.02(a) of Indenture In accordance with Section 9.01(b) of the Indenture and Section 99.01(b) of the TwentyFirst Supplemental Indenture, the second sentence of the second paragraph of Section 5.02(a) has been replaced in its entirety as follows: Notwithstanding the foregoing deposit and pledge, (a) the Refundable Credits shall not be included in the calculation of Revenues if the Refundable Credits have been used in any calculation as a reduction (or credit) against the interest payable under this Indenture (or in any other calculation that would double-count a Refundable Credit), and (b) if the Federal Government is paying less than the amount scheduled to be paid by the Federal Government pursuant to Section 6431 of the Code or pursuant to any similar direct-pay subsidy program (due to sequestration or otherwise), then Refundable Credits may be included in the calculation of Revenues but only to the extent such Refundable Credits are required or permitted to be made pursuant to Federal law.
