It's about goods movement, it's about regional vitality and it's about the energy and daring that is our great export here in the Bay Area and in our great state. Just briefly, It's 590 million dollar loan. It will be paid back in 12 years. First two years will be interest free. and then the interest will be tied to what we normally receive at the state through what we call the SMF program, which is our surplus money fund, so that the general fund will not be shortchanged. (15:57–16:06)
CLAIM
Asserts details of a $590 million loan, including repayment terms and interest conditions.
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