Not specified in the document.

Appropriating $124,020,472 of Hetch Hetchy revenue Cap and Trade Revenue and Power and Water Revenue Bonds for the SFPUC Hetch Hetchy Capital Improvement Program for Fiscal Year 2023-2024.

The funds are designated for construction related expenditures (excluding program management planning and design) and are subject to the Controller's certification of funds availability and the discretionary adoption of CEQA Findings by the SFPUC and the Board of Supervisors following project-related environmental analysis where required.

The document does not provide a specific section labeled as 'Rationale'; however, the appropriation supports the Hetch Hetchy Capital Improvement Program which implies the intention to finance infrastructure improvements and capital projects for the fiscal year.

Subject to the prior occurrence of the discretionary adoption of CEQA Findings for projects following review and consideration of completed project-related environmental analysis where required in Fiscal Year 2023-2024.

The funds are assigned by project on Controller’s Reserve, and the use of funds is outlined and specified for various improvements and projects such as distribution services, streetlight replacement, energy efficiency, power asset acquisition, and water infrastructure.