civus
BillENACTED

Bill 060387

Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by establishing a process to select a bank or banks to receive City deposits to be used to meet City payroll expenses, under certain terms and conditions.

Introduced May 11, 2006Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember 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 15; the nays are zero. A majority of all members having voted in 6/15/06 - STATED - 2ND READING the affirmative, the bill passes. The next bill to be called for consideration is Bill No. 060387.”

    Council President Verna · Stated Meeting, June 15, 2006 · Jun 15, 2006 · official transcript, this passage

  2. “To the President and members of the Council of the City of Philadelphia, the Committee on Finance, to which was referred Bill No. 051142, entitled "An ordinance authorizing the Philadelphia Authority for Industrial Development to file an application with Budget in an amount not to exceed $3,600,000 to assist in the development of Billy Penn Warehouse"; and Bill No. 060227, entitled "An ordinance amending Section 19-2…”

    Chief Clerk · Stated Meeting, June 8, 2006 · Jun 8, 2006 · official transcript, this passage

  3. “And Bill No. 060387, an ordinance amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds," to select a bank or banks to receive City deposits.”

    Chief Clerk · Stated Meeting, June 8, 2006 · Jun 8, 2006 · official transcript, this passage

Status timeline

  1. May 11, 2006Referred · CITY COUNCIL
  2. May 11, 2006Introduced · CITY COUNCIL
  3. May 24, 2006HEARING NOTICES SENT · Committee on Finance
  4. Jun 5, 2006HEARING NOTICES SENT · Committee on Finance
  5. Jun 5, 2006RECESSED · Committee on Finance
  6. Jun 6, 2006HEARING HELD · Committee on Finance
  7. Jun 6, 2006REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  8. Jun 6, 2006AMENDED · Committee on Finance
  9. Jun 8, 2006ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  10. Jun 8, 2006SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  11. Jun 8, 2006ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  12. Jun 15, 2006READ · CITY COUNCIL
  13. Jun 15, 2006PASSED · CITY COUNCIL
  14. Jun 28, 2006SIGNED · 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 establishing a process to select a bank or banks to receive City deposits to be used to meet City payroll expenses, 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. * * * (8) City Payroll Depositories. (a) For purposes of this subsection (8), "City Payroll Deposits" shall mean funds used to cover payroll expenses for employees paid out of the City Treasury. (b) The City Treasurer shall implement an RFP/RFQ process seeking applications from banks or other qualified institutions that wish to receive City Payroll Deposits. Such RFP/RFQ shall incorporate all the provisions of this Section 19-201 relating to the minimum qualifications of City depositories. In accordance with the terms of the RFP/RFQ, the City Treasurer shall tentatively select one or more institutions to receive City Payroll Deposits, and shall enter into negotiations with such institution or institutions to reach agreement on a proposed contract for such services, in terms approved by the Law Department, provided that all conditions set forth in this Section 19-201 for City depositories shall be incorporated in such contract. (c) No contract with a proposed recipient of City Payroll Deposits may be executed until it has been approved by Council by ordinance. * * * _____________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End 2