The San Francisco Board of Supervisors approved an ordinance authorizing the San Francisco Public Utilities Commission (SFPUC) to issue and sell tax-exempt or taxable Water Revenue Bonds and other forms of indebtedness up to an aggregate principal amount of $1,054,138,857. This financing is intended to cover the costs of various capital water and Hetch Hetchy Water projects, benefiting the Water Enterprise, in accordance with Proposition E, a measure enacted by San Francisco voters on November 5, 2002. The ordinance also includes authorization for the issuance of Water Revenue Refunding Bonds and the retirement of outstanding Water Enterprise Commercial Paper. The declared official intent of the Commission is to reimburse itself with proceeds from these tax-exempt bonds or other forms of indebtedness for eligible expenditures on capital improvement projects. Previous actions related to interim funding programs for Wastewater, Water, and Power Enterprises were also ratified, increasing their authorized short-term indebtedness amounts. This includes a $500 million increase for Wastewater (to $1.25 billion), a $250 million increase for Water (to $750 million), and a $200 million increase for Power (to $450 million).