City of Philadelphia - File #: 100008

• File #: 100008
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 1/28/2010
• In control: Committee on Finance
• Title: Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in Advance Bank, under certain terms and conditions.
• Sponsors: Councilmember Goode
• Indexes: CITY DEPOSITORIES
• Code sections: 19-200 - City Funds-Deposits, Investments, Disbursements

Date	Ver.	Action By	Action	Result	Tally
1/28/2010	0	CITY COUNCIL	Referred
1/28/2010	0	CITY COUNCIL	Introduced	Pass

Title

Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements,” by amending Section 19-201, entitled “City Depositories,” by authorizing the City Treasurer to deposit funds in Advance Bank, 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:

            (j)        Advance Bank

*      *      *

SECTION 2. This Ordinance shall take effect immediately.

______________________

Explanation:

Italics indicate new matter added.

End

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