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BillENACTED

Bill 000106

Amending Section 19-201 of The Philadelphia Code relating to "City Depositories," by clarifying and updating the list of institutions in which the City is authorized to deposit funds, and by amending certain conditions.

Introduced Feb 24, 2000Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember BlackwellCouncilmember Blackwell

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. That's good SECOND READING - BILL 000106 enough.”

    Councilman Rizzo · Stated Meeting, March 23, 2000 · Mar 23, 2000 · official transcript, this passage

  2. “The ayes are 16, the nays are 0, a majority of all Members of Council having voted, the bill passes. The Clerk will please read the title of Bill No. 000106. Councilman O'Neill, do you want to be recognized?”

    Council President Verna · Stated Meeting, March 23, 2000 · Mar 23, 2000 · official transcript, this passage

  3. “Bill No. 000106, an ordinance amending Section 19-201 of the Philadelphia Code relating to City depositories by clarifying and updating the list of institutions in which the City is authorized to deposit funds, and by amending certain conditions.”

    Chief Clerk Hauser · Stated Meeting, March 23, 2000 · Mar 23, 2000 · official transcript, this passage

  4. “This bill having been read on two different days, the question now is, shall the bill pass finally? The Clerk will call the roll. SECOND READING - BILL 000106”

    Council President Verna · Stated Meeting, March 23, 2000 · Mar 23, 2000 · official transcript, this passage

  5. “I'm sorry, is absent, yes. SECOND READING - BILL 000106 Councilman Mariano?”

    Chief Clerk Hauser · Stated Meeting, March 23, 2000 · Mar 23, 2000 · official transcript, this passage

  6. “The Chair thanks the gentleman. The Chair recognizes Councilman Rizzo. FIRST READING - BILL 000106”

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

Status timeline

  1. Feb 24, 2000Introduced · CITY COUNCIL
  2. Feb 24, 2000Referred · CITY COUNCIL
  3. Mar 7, 2000AMENDED · Committee on Finance
  4. Mar 7, 2000REPORTED FAVORABLY · Committee on Finance
  5. Mar 7, 2000HEARING NOTICES SENT · Committee on Finance
  6. Mar 9, 2000ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR · CITY COUNCIL
  7. Mar 16, 2000ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  8. Mar 23, 2000READ · CITY COUNCIL
  9. Mar 23, 2000PASSED · CITY COUNCIL
  10. 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 relating to "City Depositories," by clarifying and updating the list of institutions in which the City is authorized to deposit funds, and by amending certain 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: * * * (aa) The Philadelphia Trust Company. * * * (3) No application for depository status, except from the institutions listed in sub-section 19-201(1) (j)-(aa), 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 minimum of one hundred million ($100,000,000) dollars in assets. * * * _______________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End