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Title:
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Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes, and Collections," by authorizing City depositories to hold City funds without posting equivalent collateral, to the extent such City funds do not exceed the insurance provided by the Federal Deposit Insurance Corporation or Federal Savings and Loan Insurance Corporation.
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Action text:
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A motion was made by Councilmember Tasco that this matter be Introduced and Referred to the Committee on Finance. The motion carried unanimously.
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