PASSED

This enacted bill approved Philadelphia Gas Works’ Fiscal Year 2003 capital budget of up to $67.694 million and acknowledged its forecast for capital budgets from Fiscal Years 2004 through 2008. It set conditions on certain projects, spending timelines, and transfers between budget line items, with some changes requiring Gas Commission approval and reports to City Council.

Approving the Fiscal Year 2003 Capital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works, including the supplying of funds to be obtained in connection therewith, and acknowledging receipt of the Forecast of Capital Budgets for Fiscal Years 2004 through 2008.