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BillENACTED

Bill 000020

Amending Section 19-201 of The Philadelphia Code, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in Pennsylvania Business Bank, under certain terms and conditions.

Introduced Feb 3, 2000Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember TascoCouncilmember Tasco

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “Aye. SECOND READING - BILL 000020”

    Councilman Rizzo · Stated Meeting, March 16, 2000 · Mar 16, 2000 · official transcript, this passage

  2. “Oh, I'm sorry, the nays are 1. A majority of all Members having voted in the affirmative, the bill passes. The next bill to be called for consideration is Bill No. 000020.”

    Council President Verna · Stated Meeting, March 16, 2000 · Mar 16, 2000 · official transcript, this passage

  3. “Councilman Clarke? SECOND READING - BILL 000020”

    Ms. Rafferty · Stated Meeting, March 16, 2000 · Mar 16, 2000 · official transcript, this passage

Status timeline

  1. Feb 3, 2000Introduced · CITY COUNCIL
  2. Feb 3, 2000Referred · CITY COUNCIL
  3. Mar 7, 2000HEARING NOTICES SENT · Committee on Finance
  4. Mar 7, 2000AMENDED · Committee on Finance
  5. Mar 7, 2000REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  6. Mar 9, 2000SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  7. Mar 9, 2000ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  8. Mar 9, 2000ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Mar 16, 2000READ · CITY COUNCIL
  10. Mar 16, 2000PASSED · CITY COUNCIL
  11. Mar 30, 2000SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Amending Section 19-201 of The Philadelphia Code, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in Pennsylvania Business Bank, under certain terms and conditions. ..Body 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: * * * (z) Pennsylvania Business Bank [(z)] (bb) Summit Bank * * * (3) No application for depository status, except from the institutions listed in subsections 19-201(1)(j)-[(y)] (z), shall be considered unless the applicant has been established for a minimum of five (5) years, has been profitable for the last two (2) years, and has a minimum of one hundred million ($100,000,000) dollars in assets. * * * _______________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added.