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Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in Advance Bank, under certain terms and conditions.

AI summary

The lapsed bill would have amended Philadelphia’s rules for city funds to authorize the City Treasurer to deposit those funds in Advance Bank. It would have affected the City Treasurer’s handling of city deposits and Advance Bank’s eligibility to receive them.

File details

Status
LAPSED
Introduced
January 28, 2010
Sponsors
W. Wilson Goode, Jr.
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-200 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 19-200. CITY FUNDS-DEPOSITS, INVESTMENTS, DISBURSEMENTS.

§ 19-201. City Depositories.

(1) Pursuant to the provisions of Section 6-300 of the Charter, the City Treasurer is authorized to deposit City funds in the following banks or institutions:

(j) Advance Bank

* * *

SECTION 2.

This Ordinance shall take effect immediately.

______________________

Explanation:

Italics

indicate new matter added.

End

2

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

    Introduced

    Pass
    Council actionCITY COUNCIL

    Referred