Thanhello, everyone. The meeting will come to order, this is the rescheduled budget and finance committee meeting. Im sandra lee fewer, the chair, and im joined by supervisors walton and supervisor handelman. I thank the sfgovtv for broadcasting this meeting. Madam clerk, any announcements . Clerk to protect the Board Members and the employees and the public, the board of supervisors legislative chamber and Committee Room are closed, and they will participate remotely. This precaution is taken pursuant to the local and state and federal orders, declarations and directives. The Committee Members will attend through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comments will be available on each item on this agenda and both channel 26 and sfgovtv. Org are streaming the number across the screen. Each speaker is given two minutes to speak. The opportunity to speak during the Public Comment period are available by calling 1 415
We are meeting today to conduct an important hearing on the Small Business administration Paycheck Protection Program, or ppp, specifically, review review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. Over the past several months, this committee has held numerous hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicat
Hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicated rules and reported feeling unable to adequately help their borrowers through the forgiveness process. Through it all, borrowers simply wanted to ensure they were using loan proceeds consistent with the law so they could qualify for full loan forgiveness, and effectively convert the loan into a grant, which was the
Am i on . Yes. Good afternoon. Welcome to the september 22, 2020 regular meeting of the San Francisco board of supervisors. Madame clerk, would you call the roll . Thank you, mr. President. Supervisor fewer present. Supervisor haney present. Supervisor mandelman present. Supervisor mar present. Well come back. Supervisor preston okay, we see you, but there is sound difficulty. Ill let operations know that. We see that you did say aye present. Supervisor peskin madame clerk, supervisor peskin is present. Supervisor ronen present. Supervisor safai present. Supervisor stefani present. Supervisor walton present. President yee present. Clerk all members are present. President yee okay. Supervisor preston, are you able to get on . Clerk we see him, but we dont hear sound. President yee maybe he can get help from somebody. Clerk yes, ill work on it. President yee thank you. Please place your right hand over your heart. Would you please join me in the pledge of allegiance . I pledge allegiance
The meeting is being called to order at 5 36 p. M. The meeting is televised on sf gov tv 2 or live streamed on the website. Members of the public who will be calling in, the number is 4155 4156550001, and then the number is 4156550001. The access code is 1466093005, pound and then pound again to connect. Again, the number the access code is 1466093005, press pound and then pound again to connect. You will hear the meeting in discussion, but you will be muted and in listening mode only when your item is addressed called dial star 3 to be added to the speaker line. Best practices are to call from a quiet location, speak clearly and slowly and turn down your television or radio. If when you dial star 3 before Public Comment is called, youll be added to the queue. When you are called through Public Comment, please mute the device you are listening to the meeting on when its your time to speak you will be prompted to do so. Public comment during the meeting is limited to three minutes per s