AB 2308: Redevelopment: successor agency debt: City and County of San Francisco.

The bill aims to amend a specific section of the health and safety code to allow the city and county of San Francisco to issue bonds or incur other indebtedness to finance affordable housing and infrastructure required by the Transbay Implementation Agreement. This authority is subject to the approval of the Oversight Board of the successor agency. The bill also makes legislative findings and declarations regarding the necessity of a special statute for the city and county of San Francisco. Additionally, it proposes to enter into arrangements with the Transbay Joint Powers Authority and the city and county of San Francisco to extend the time period for pledges of gross sales proceeds and net tax increments.