This is a program that allows the SFMTA to transfer Surrendered Medallions at the Medallion Transfer Price. It also lets quailifying medallion holders retransfer their transferable medallions at the Medallion Transfer Price.
In 1978, voters passed Proposition K, which among other things, made San Francisco taxi medallions non-transferable and limited new ownership of medallions to individual working taxi drivers. On February 26th, 2010, SFMTA Board authorized a temporary Medallion Sales Pilot program that was in place between 2010 and 2012. This program authorized the purchase and sale of certain Taxi Medallions at an established medallion sales price to a purchaser who is qualified to hold a Medallion. On August 16, 2012, the SFMTA Board adopted a permanent Medallion Transfer Program.
On October 13, 2015, the SFMTA Board amended the driving eligibility requirement for Taxi Medallion applicants. Now an applicant must have been a full time driver for at least the past twelve months, instead of four out of the last five years.