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Operationalize what had been a longstanding problem for the program and that is, that the city puts up a matching amount of money for the surty to back it with a letter of credit with a bank agreement. And as part of the project, the individual project bidding, the contractors sometimes could not take advantage of the program, because the project was already at capacity. They did not have the money to put aside for the actual backing the citys piece of doing the program. And so, we worked with the hrc, the Controllers Office and the City Attorneys Office and we came up with a solution to create a selfinsurance fund and we did that primarily to take away the other barrier of the projects that were in the late stage and did not have much money for the contractors to take advantage of the program. So that has been in place since 2008 and also increased the letter of Credit Facility agreement to 5 million to provide more program capacity, which seemed to be working very well. So the progra

United statesSan diegoSan franciscoYee rileyChristian murdockProblem programCredit bankControllers officeOffice cityCity attorneys officeAttorneys officeOffice cameCredit facilityFacility agreementProgram administratorServices administrator