City of Philadelphia - File #: 010542

• File #: 010542
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 9/13/2001
• In control: Committee on Appropriations
• Final action: 10/25/2001
• Title: Authorizing transfers in appropriations for Fiscal Year 2002 from the General Fund, the Director of Finance -- Provisions for Other Grants to the General Fund, certain or all City offices, departments, boards and commissions.
• Sponsors: Councilmember Goode, Council President Verna, Councilmember Krajewski, Councilmember Ortiz, Councilmember Reynolds Brown, Councilmember Blackwell, Councilmember Miller, Councilmember Nutter, Councilmember Tasco, Councilmember Mariano, Councilmember Clarke, Councilmember Rizzo, Councilmember Cohen, Councilmember Kenney, Councilmember DiCicco
• Indexes: GENERAL FUND

Date	Ver.	Action By	Action	Result	Tally
11/2/2001	1	MAYOR	SIGNED
10/25/2001	1	CITY COUNCIL	READ
10/25/2001	1	CITY COUNCIL	PASSED	Pass	17:0
10/18/2001	0	Committee on Appropriations	HEARING NOTICES SENT
10/18/2001	0	Committee on Appropriations	AMENDED
10/18/2001	0	Committee on Appropriations	HEARING HELD
10/18/2001	1	Committee on Appropriations	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
10/18/2001	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
10/18/2001	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
10/18/2001	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
9/13/2001	0	CITY COUNCIL	Referred
9/13/2001	0	CITY COUNCIL	Introduced	Pass

Title
Authorizing transfers in appropriations for Fiscal Year 2002 from the General Fund, the Director of Finance -- Provisions for Other Grants to the General Fund, certain or all City offices, departments, boards and commissions.
Body
WHEREAS, The Council of the City of Philadelphia unanimously passed Bill Number 000165 on May 4, 2000, authorizing the City of Philadelphia to invest in promissory notes issued by U.S. Treasury certified Community Development Financial Institutions (CDFIs); and

WHEREAS, A Community Development Financial Institution Industry Analysis demonstrating the capacity of CDFIs operating in Philadelphia was completed and publicly released the same month; and

WHEREAS, A Community Reinvestment Report was completed and publicly released in September of 2000, demonstrating that CDFIs are significant financiers of community economic development in low income and predominantly minority neighborhoods in Philadelphia; and

WHEREAS, The Council unanimously passed Bill Number 000546 on November 16, 2000, creating the Community Reinvestment Commission and authorizing this Commission to create the Philadelphia Community Development Financial Institution Fund; and

WHEREAS, Mayor John F. Street issued a parallel Executive Order on December 7, 2000, placing the Community Reinvestment Commission under the Office of the Director of Finance; and

WHEREAS, The Director of Finance, on behalf of the Street Administration, committed to capitalizing the Philadelphia Community Development Financial Institution Fund in the third quarter of fiscal year 2001; now, therefore

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The Director of Finance is hereby authorized to make the following transfers in appropriations for Fiscal Year 2002 from the Grants Revenue Fund to the General Fund.

FROM: GRANTS REVENUE FUND

9.21 DIRECTOR OF FINANCE -- PROVISION FOR OTHER GRANTS

Advances and Other Miscellaneous Payments $5,0...