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Back to search resultsBill 190509

Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements", by revising the list of City depositories; under certain terms and conditions.

AI summary

This enacted bill amended the list of institutions where the City Treasurer may deposit City funds. It added JPMorgan Chase Bank, N.A. to the City’s authorized depositories, and the change took effect immediately.

File details

Status
ENACTED
Introduced
June 6, 2019
Sponsors
Mark SquillaMaria D. Quiñones-SánchezCindy Bass
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-201 of The Philadelphia Code is hereby amended to read as follows:

§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:

(l)

JPMorgan Chase Bank, N.A.

SECTION 2. This Ordinance shall take effect immediately.

___________________________________

Explanation:

Italics

indicate new matter added.

End

File history

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

    Signed

  2. CITY COUNCIL

    Details not published

    No details have been published for this item. Legistar notes that this meeting's minutes have not been finalized.
  3. Council actionCITY COUNCIL

    Ordered placed on next week`s second reading calendar

    Council actionCITY COUNCIL

    Ordered placed on this day`s first reading calendar

    Council actionCITY COUNCIL

    Suspend the rules of the council

  4. Committee on Finance

    Details not published

    No details have been published for this item. Legistar notes that this meeting's minutes have not been finalized.
  5. CITY COUNCIL

    Details not published

    No details have been published for this item. Legistar notes that this meeting's minutes have not been finalized.