civus
BillENACTED

Bill 030023

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

Introduced Jan 28, 2003Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember GoodeCouncilmember Goode

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. The ayes are 16, the nays are 0. A majority of all Members of Council having voted in the affirmative, the bill passes. The next bill to be called for consideration is Bill No. 030023. THE”

    Council President Verna · Stated Meeting, May 8, 2003 · May 8, 2003 · official transcript, this passage

  2. “Bill No. 030023, an ordinance amending Chapter 19-200 of the Philadelphia Code, entitled "City Funds, Deposits, Investments, Disbursements," by revisiting the list City depositories because of noncompliance with certain provisions, under certain terms and conditions.”

    Chief Clerk · Stated Meeting, May 1, 2003 · May 1, 2003 · official transcript, this passage

  3. “To the President and Members of the Council of the City of Philadelphia, the Committee on Finance to which was referred Bill No. 030023, entitled an ordinance amending Chapter 19-200 of the Philadelphia Code entitled "City Funds, Deposits, Investments, Disbursements," by revising the list of City depositories because of non-compliance with certain provisions of that chapter;. And Bill No. 030163, entitled an ordinanc…”

    Chief Clerk · Stated Meeting, April 25, 2003 · Apr 25, 2003 · official transcript, this passage

  4. “The ayes have it, and Bill No. 030163 will be placed on today's First Reading Calendar. Bill No. 030023 will be placed on the First Reading Calendar for our next Session of Council. The Chair recognizes Councilman Cohen the Committee on Law and Government.”

    Councilwoman Verna · Stated Meeting, April 25, 2003 · Apr 25, 2003 · official transcript, this passage

Status timeline

  1. Jan 28, 2003Referred · CITY COUNCIL
  2. Jan 28, 2003Introduced · CITY COUNCIL
  3. Mar 26, 2003HEARING NOTICES SENT · Committee on Finance
  4. Mar 26, 2003HEARING HELD · Committee on Finance
  5. Mar 26, 2003AMENDED · Committee on Finance
  6. Mar 26, 2003RECESSED · Committee on Finance
  7. Apr 14, 2003HEARING NOTICES SENT · Committee on Finance
  8. Apr 14, 2003AMENDED · Committee on Finance
  9. Apr 14, 2003HEARING HELD · Committee on Finance
  10. Apr 14, 2003REPORTED FAVORABLY · Committee on Finance
  11. Apr 25, 2003ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR · CITY COUNCIL
  12. May 1, 2003ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  13. May 8, 2003READ · CITY COUNCIL
  14. May 8, 2003PASSED · CITY COUNCIL
  15. May 29, 2003SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by revising the list of City depositories because of non-compliance with certain provisions of that Chapter, under certain terms and conditions. ..Body 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: [(a) Bank Hapoalim; (b) Bank Leumi; (c) Brown Brothers, Harriman & Company;] [(d)](a) First Union National Bank; [(e) Frankford Trust Company; (f) Mellon Bank; (g) JeffBanks, Inc.; (h) CoreStates Financial Corp.;] [(i)](b) PNC Bank, N.A.; [(j) Berean Federal Savings Bank; (k) Polonia Federal Savings and Loan; (l) Prudential Savings Bank; (m) Borinquen Federal Credit Union; (n) Sentry Federal Credit Union; (o) Weavers Way Federal Credit Union; (p) Other Neighborhood Based Credit Unions: (.i) whose deposits are insured by the National Credit Union Administration; and, (.ii) which are chartered to serve a particular neighborhood located within the City of Philadelphia, or to serve the members of an organization representing a particular neighborhood. (q) Chestnut Hill National Bank; (r) First Republic Bank;] [(s)](c) United Bank of Philadelphia; [(t) First Commercial Bank of Philadelphia; (u) Firstrust Bank; (v) Progress Bank; (w) Crusader Bank.] [(x)](d) Commerce Bank/Pennsylvania, N.A.; [(y) Asian Bank. (z) Pennsylvania Business Bank. (aa) The Philadelphia Trust Company. (bb) Summit Bank. (cc) Sovereign Bank.] [(dd)](e) Citizens Bank. (f) Mellon Bank. * * * SECTION 2. No bank or institution shall be reinstated or added to this list until it comes into compliance with subsection (2)(f) of Section 19-201. SECTION 3. This Ordinance shall take effect July 1, 2003. ____________________________ Explanation: Italics indicate new matter added. [Brackets] indicates matter deleted. ..End 1 2