Concerns over Marijuana Companies and banking. This is just under three hours. The committee will come to order without objection the clair is authorized to declare a recess of the committee at any time. All members have five legislative days within which to submit materials to the chair. This hearing is for the purpose of receiving the second of treasurys annual report on the Financial Stability of oversight counsel. Now recognize myself for 3 1 2 minutes to give an Opening Statement. Mr. Secretary this is your first appearance before the house. After the tax cuts and jobs act has been signed into law. I want to let you know on behalf of the majority, our grateful we are to you and to the president for your leadership and for helping make this act signed into law. It is truly, truly historic. After eight years of failed economic policies that led to the slowest weakest recovery, the economy is starting to take off in wages are finally growing again. Consumer optimism abounds. Interest
Great. Okay. So the citys Energy Program aligns with the states vision and action to help shape the Energy Resources future. The citys Energy Program not only works on Energy Efficiency and renewables like youve heard tonight, but also in collaboration with our colleagues at the sf puc works on renewables and also Energy Storage and zero Emission Vehicles and market transformation. The focus of the majority will be on zero emissions vehicles. My director is sick with the flu so he gave me permission to give you highlights he also wanted know relay to you and would be happy to come back and give you a full update on clean power sf. San francisco is loading on the use of the power grid. Grid is 44 renewable with the goal of getting to 50 renewable by 2020 and 100 renewable by 2030. The department of the environment and energy team also works on developing reach codes or commissioner mcallister called them stretch codes. For example, with renewables we passed a better roof ordinance. That
My director is sick with the flu so he gave me permission to give you highlights he also wanted know relay to you and would be happy to come back and give you a full update on clean power sf. San francisco is loading on the use of the power grid. Grid is 44 renewable with the goal of getting to 50 renewable by 2020 and 100 renewable by 2030. The department of the environment and energy team also works on developing reach codes or commissioner mcallister called them stretch codes. For example, with renewables we passed a better roof ordinance. Thats considered a reach code. We also in San Francisco in addition to municipal utility and what they contribute we know have clean power sf. Launched in 2016 its serving about 80,000 accounts today and has an enrollment goal of july 2019. Its account holders, utility accounts currently being served by sf puc hydro power system. The next face of the enrollment will happen in july. Our colleagues at the puc have been busy procuring resource to get
Now, as you know, one of the most important things that is going happen in the next few months is the whole budget process. The budget, we have to, regardless of our politics, be able to run our city with a good budget. Ok, thats something that is number one for me and ive been fortunate to be able to follow the budget process for a few years now. And i think the person that im going to nominate have many of the factors that im considering, one that has been around for a while, one that is not running for any office. Let alone the Mayors Office. So this is really about focussing on the duty of the mayor at this point. And one that really does understand a budget process, and the person that i worked with, that seems to fit that bill, that has been the budget chair for several years and i was able to work on that committee on a larger committee member, and watch that process unfold. And felt very good about his understanding of this. Now, so the person i want to nominate to be the inter
Okay. So the citys Energy Program aligns with the states vision and action to help shape the Energy Resources future. The citys Energy Program not only works on Energy Efficiency and renewables like youve heard tonight, but also in collaboration with our colleagues at the sf puc works on renewables and also Energy Storage and zero Emission Vehicles and market transformation. The focus of the majority will be on zero emissions vehicles. My director is sick with the flu so he gave me permission to give you highlights he also wanted know relay to you and would be happy to come back and give you a full update on clean power sf. San francisco is loading on the use of the power grid. Grid is 44 renewable with the goal of getting to 50 renewable by 2020 and 100 renewable by 2030. The department of the environment and energy team also works on developing reach codes or commissioner mcallister called them stretch codes. For example, with renewables we passed a better roof ordinance. Thats consi