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BillENACTED

Bill 050615

Amending Section 17-104 of The Philadelphia Code, entitled "Prerequisites to the Execution of City Contracts," by requiring any City Depository authorized to accept City deposits under Section 19-201 of The Philadelphia Code to annually certify compliance with Section 17-104 and, if such depository has disclosed slavery policies sold by it or its profits from slavery, to provide the City with a statement of financial reparations; all under certain terms and conditions.

Introduced Jun 9, 2005Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember 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. “A resolution authorizing the Committee on Commerce and Economic Development to hold hearings to review Wachovia's statement of the financial reparations pursuant to Bill No. 050615 unanimously passed by City Council and signed into law by the Mayor, and further authorizing the Committee to issue subpoenas to compel the attendance of witnesses for the production of documents and other evidence.”

    Chief Clerk · Stated Meeting, December 22, 2005 · Dec 22, 2005 · official transcript, this passage

  2. “Aye. The ayes are 16, the nays are zero. A majority of all members having voted in the affirmative, this bill passes. The next bill to be called for consideration is Bill No. 050615.”

    Council President Verna · Stated Meeting, December 1, 2005 · Dec 1, 2005 · 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. 050615 entitled "An ordinance amending Section 17-104 of The Philadelphia Code, entitled 'Prerequisites to the execution of City contracts,' by requiring any City depository authorized to accept City deposits under Section 19-201 of The Philadelphia Code to annually certify compliance with…”

    Chief Clerk · Stated Meeting, November 17, 2005 · Nov 17, 2005 · official transcript, this passage

  4. “Bill No. 050615, an ordinance amending Section 17-104 of The Philadelphia Code, entitled "Prerequisites to the execution of City contracts, all under certain terms and conditions."”

    Chief Clerk · Stated Meeting, November 17, 2005 · Nov 17, 2005 · official transcript, this passage

Status timeline

  1. Jun 9, 2005Referred · CITY COUNCIL
  2. Jun 9, 2005Introduced · CITY COUNCIL
  3. Nov 16, 2005HEARING NOTICES SENT · Committee on Finance
  4. Nov 16, 2005REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  5. Nov 16, 2005HEARING HELD · Committee on Finance
  6. Nov 17, 2005ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  7. Nov 17, 2005SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  8. Nov 17, 2005ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Dec 1, 2005READ · CITY COUNCIL
  10. Dec 1, 2005PASSED · CITY COUNCIL
  11. Dec 15, 2005SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Section 17-104 of The Philadelphia Code, entitled "Prerequisites to the Execution of City Contracts," by requiring any City Depository authorized to accept City deposits under Section 19-201 of The Philadelphia Code to annually certify compliance with Section 17-104 and, if such depository has disclosed slavery policies sold by it or its profits from slavery, to provide the City with a statement of financial reparations; all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 17-104 of The Philadelphia Code is hereby amended to read as follows: §17-104. Prerequisites to the Execution and Validity of City Contracts. * * * (2) Slavery Era Business/Corporate Insurance Disclosure and Financial Reparations. * * * (f) Any City Depository authorized to receive City deposits under Section 19-201 of this Code shall: (.1) by January 1 of each year, provide the City with an annual certification that it is in compliance with the requirements of this Section; and (.2) if it has disclosed, pursuant to this subsection, slavery policies it, or its predecessor, has sold or profits from slavery it, or its predecessor, has received, provide the City with a statement of financial reparations. The reparations statement shall include a description of any new financial products or programs developed by the depository to address racial disparity in its lending and investment activities. * * * _____________________________________ Explanation: Italics indicate new matter added. ..End